Showing 251 - 260 of 18,007
In order to prevent batters from hitting a pitch, pitchers must decide on a strategic balance of many different pitch types. While each pitcher has preferred pitches (likely those with which he is most confident), he cannot over-utilize his dominant pitches, or batters will be able to gain a...
Persistent link: https://www.econbiz.de/10014348275
Persistent link: https://www.econbiz.de/10014073438
We introduce strategic waiting in a global game setting with irreversible investment. Players can wait in order to make a better informed decision. We allow for cohort effects and discuss when they arise endogenously in technology adoption problems with positive contemporaneous network effects....
Persistent link: https://www.econbiz.de/10014074345
A standard Ak-model of endogenous growth has been extended to allow for an intertemporal conflict between capitalists and workers. For the dynamic game thus obtained, an equilibrium solution in feedback Nash (Markovian) strategies have been computed. However, many equilibria in trigger...
Persistent link: https://www.econbiz.de/10014199144
In this paper a procedure is described that computes for a given bimatrix game all stable sets in the sense of Kohlberg and Mertens (1986). Further the procedure is refined to find the strictly perfect equilibria (if any) of such a game. Keywords and Phrases: Bimatrix game, Computation, Stable...
Persistent link: https://www.econbiz.de/10014141767
We propose a model of discrete time dynamic congestion games with atomic players and a single source-destination pair. The latencies of edges are composed by free-flow transit times and possible queuing time due to capacity constraints. We give a precise description of the dynamics induced by...
Persistent link: https://www.econbiz.de/10014156951
For any given set-valued solution concept, it is possible to consider iterative elimination of actions outside the solution set. This paper applies it to define the concept of iterated monotone potential maximizer (iterated MP-maximizer). It is shown that under some monotonicity conditions, an...
Persistent link: https://www.econbiz.de/10014061234
This article analyses the ability of the learning firms in a Cournot oligopoly to discover market solutions more collusive that the Cournot equilibrium (CE). We start from the results of Vallée and Yildizoglu (2009) and of Alos-Ferrer (2004), and qualify the role of random experimenting, social...
Persistent link: https://www.econbiz.de/10014142763
We call a correspondence, defined on the set of mixed strategy pro les, a generalized best reply correspondence if it (1) has a product structure, (2) is upper hemi-continuous, (3) always includes a best reply to any mixed strategy pro le, and (4) is convex- and closed-valued. For each...
Persistent link: https://www.econbiz.de/10011687048
We study the design of mechanisms that implement Lindahl or Walrasian allocations and whose Nash equilibria are dynamically stable for a wide class of adaptive dynamics. We argue that supermodularity is not a desirable stability criterion in this mechanism design context, focusing instead on...
Persistent link: https://www.econbiz.de/10011689095