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Probabilistic Cost Efficiency and Bounded Rationality in the Newsvendor Model
Uboe, Jan - 2014
a relatively deep theoretical analysis of underorders/overorders in the newsvendor model. The theory is supported by …
Persistent link: https://www.econbiz.de/10013039944
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A Positive Framework to Analyze Sovereign Bail-outs within the EMU
Fahrholz, Christian; Wójcik, Cezary - 2011
We propose a positive formal framework for analyzing sovereign bail-outs in the context of the European Monetary Union (EMU) with a view to making policy recommendations regarding improvements to the EMU institutional architecture. We build our analysis on a political economic game-theoretic...
Persistent link: https://www.econbiz.de/10010334489
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Evolution and Refinement with Endogenous Mistake Probabilities
van Damme, Eric; Weibull, Jörgen W. - 1999
Bergin and Lipman (1996) show that the refinement effect from the random mutations in the adaptive population dynamics in Kandori, Mailath and rob (1993) and Young (1993) is due to restrictions on how these mutation rates vary across population states. We here model mutation rates as...
Persistent link: https://www.econbiz.de/10010334682
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Evolution with Mutations Driven by Control Costs
Weibull, Jörgen W.; van Damme, Eric - 1998
Bergin and Lipman (1996) show that the refinement effect from the random mutations in the adaptive dynamics in Kandori, Mailath and Rob (1993) and Young (1993) is due to restrictions on how these mutation rates vary across population states. We here model these mutation rates as endogenously...
Persistent link: https://www.econbiz.de/10010334690
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What have we learned from Evolutionary Game Theory so far?
Weibull, Jörgen W. - 1997
framework of non-cooperative game theory. Evolutionary game theory studies the robustness of strategic behaviour with respect to … economic theory has lead to new predictions and opened up doors to other social sciences. The discussion will be focused on the … in evolutionary game theory so far? What are the next challenges for evolutionary game theory in economics? …
Persistent link: https://www.econbiz.de/10010334821
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Local Payoff Security and the Existence of Nash Equilibrium in Discontinuous Games
Reny, Philip J. - 1995
Persistent link: https://www.econbiz.de/10010335145
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The penalty-duel and institutional design: is there a Neeskens-effect?
Leininger, Wolfgang; Ockenfels, Axel - 2008
No abstract available
Persistent link: https://www.econbiz.de/10010264282
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Net-Loss Reciprocation and the Context Dependency of Economic Choices
König, Clemens - 2013
This paper proposes a novel explanation for the context dependency of individual choices in two-player games. Context dependency refers to the well-established phenomenon that a player, when choosing from a given opportunity set created by the other player’s strategy, chooses differently in...
Persistent link: https://www.econbiz.de/10010427666
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Net-Loss Reciprocation and the Context Dependency of Economic Choices
König, Clemens - Volkswirtschaftliche Fakultät, … - 2013
This paper proposes a novel explanation for the context dependency of individual choices in two-player games. Context dependency refers to the well-established phenomenon that a player, when choosing from a given opportunity set created by the other player’s strategy, chooses differently in...
Persistent link: https://www.econbiz.de/10011210866
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Incentivising trust
Lenton, Pamela; Mosley, Paul - Department of Economics, University of Sheffield - 2009
We argue that trust can be incentivised by measures which increase the ability of trusters to protect themselves against risk. We work within the framework originally established by Berg, Dickhaut and McCabe (1995) in which trust is measured experimentally as the ability to generate reciprocity...
Persistent link: https://www.econbiz.de/10005244977