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An experiment with the hawk-dove game showed that if players observe solely an arbitrary and trivial characteristic of their opponent (e.g. a colour label assigned randomly to each player at the outset), a pattern of discrimination may evolve (i.e. those possessing one of the two colours will...
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The present paper illustrates the coordination problem with a standard two-person non-cooperative gae, with yields two Nash equilibria in pure strategies, one of which is Pareto dominated by the other.
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Social scientists are often concerned with the dynamics of struggles over resources and with the effect of these struggles on the process of development and change. This continuous dynamic game is intended to add to our knowledge of the dynamics of struggles over property.
Persistent link: https://www.econbiz.de/10005474787
Mechanism design or implementation theory, which studies the design of institutions or mechanisms implementing collective decisions under different circumstances, has been a major research area in the last three decades. hannu Vartiainen's doctoral dissertation analyzes several issues in this...
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This paper applies n-person cooperative game theory to analyze the efficient cost allocation problem of a three communities contructing a common sewage system.
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