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Within the context of games on networks S. Goyal (Goyal (2007), pg. 39) posed the following problem. Under any arbitrary but fixed topology, does there exist at least one pure Nash equilibrium that exhibits a positive relation between the cardinality of a player's set of neighbors and its...
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The electricity policy targets aim to provide sustainable and reliable electricity with efficient prices under uncertain demand. Any solution addressing a subset of the policy targets can affect the others. Therefore, all policy targets should be addressed simultaneously. Moreover, in the...
Persistent link: https://www.econbiz.de/10014033767
We study the coordination of production decisions for multiple products among many manufacturers and many suppliers, each with private information about its own objective and its own production capabilities. Our methodology does not require a probabilistic model of the beliefs of each decision...
Persistent link: https://www.econbiz.de/10014044473
We consider in discrete time, a general class of sequential stochastic dynamic games with asymmetric information with the following features. The underlying system has Markovian dynamics controlled by the agents' joint actions. Each agent's instantaneous utility depends on the current system...
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A stationary object is hidden in location i, i=1,2,...,K, with probability p i . There are M sensors available and each location can be searched by at most one sensor at each instant of time. Each search of a location takes one unit of time and is conducted independently of previous searches, so...
Persistent link: https://www.econbiz.de/10010759183
We investigate the general multi-armed bandit problem with multiple servers. We determine a condition on the reward processes sufficient to guarantee the optimality of the strategy that operates at each instant of time the projects with the highest Gittins indices. We call this strategy the...
Persistent link: https://www.econbiz.de/10010759247