Showing 69,611 - 69,620 of 70,105
Persistent link: https://www.econbiz.de/10005631517
We investigate the effect of introducing costs of complexity in the N-person unaimity bargaining game.
Persistent link: https://www.econbiz.de/10005631530
Persistent link: https://www.econbiz.de/10005633713
Persistent link: https://www.econbiz.de/10005633718
Persistent link: https://www.econbiz.de/10005633774
Persistent link: https://www.econbiz.de/10005633807
Persistent link: https://www.econbiz.de/10005633830
In this note we show that, for generic plurality games (i.e., voting games under plurality rule), an equilibrium that induces a mixed distribution over the outcomes (i.e., with two or more candidates elected with positive probability), is regular and hence, a Mertens' stable set.
Persistent link: https://www.econbiz.de/10005633981
This paper proposes an equilibrium concept for n-person finite games based on boundedly rational decision making by players. The players are modeled as following random choice behavior in the manner of the logit model of descrete choice theory as set forth by Luce.
Persistent link: https://www.econbiz.de/10005633994
Persistent link: https://www.econbiz.de/10005634007