This paper proposes as a solution concept for games sets of Nash equilibria that are stable against replacement by alternative Nash equilibria. We prove existence, examine some variants that are related to evolutionary solution concepts, and, most importantly, offer a unified approach to...

The paper describes three novel regularities in public choice games, tied to a Darwinian argument about rules that could be expected to govern social choice. Note: This is a revised version of this paper, originally titled "Two Tests For ‘NSNX’ Effects In Cooperation Experiments," and...

This paper considers a contest setting in which a challenger chooses between one of two contests to enter after observing the level of defense at each. Despite the challenger’s chance of success being determined by a proportional contest success function, the defenders effectively find...

The economical and environmental benefits are the central issues for remanufacturing. Whereas extant remanufacturing research focuses primarily on such issues in remanufacturing technologies, production planning, inventory control and competitive strategies, we provide an alternative yet...

We study the Cournot competition between two supply chains that are subject to supply uncertainty. Each supply chain consists of a retailer and an exclusive supplier which has random yield. We examine how the levels of supply uncertainty and competition intensity affect the equilibrium decisions...

I show how improper conditioning of beliefs can reduce contribution in public goods environments with interdependent values. I consider a simple model of a binary, excludable public good. In equilibrium, provision of the public good is good news about its value. Naive players who condition...

In this paper we model the competition between two cities as a game to maximise the welfare considering the impact of demand management strategies in the form of cordon tolls. This research builds on earlier work which studied the competition in a small tolled network meant for private modes of...

Recently the service industry is transitioning from material-based contracting to performance-based contracting. This paradigm shift enables the supplier to maximize the profit by attaining the system performance goal, while the customer is able to lower the asset ownership cost with assured...

New entrants to a market tend to be superior to incumbents in originating radical innovations. We provide a new explanation for this phenomenon, based on markets for technology. It applies in industries where successful entrepreneurial firms, or their technologies, are acquired by incumbents...