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Consider G = (X1,…,XM,g1,…,gM) an M-player game in strategic form, where the set Xi is an interval of real numbers and the payoff functions gi are differentiable with respect to the related variable xi ∈ Xi. If they are also concave, with respect to the related variable, then it is...
Persistent link: https://www.econbiz.de/10005081029
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This paper yields sufficient conditions for Pareto inoptimality of controls forming Nash equilibria in differential games. In Appendix a result on existence of open loop Nash equilibria is added.
Persistent link: https://www.econbiz.de/10009293645
This paper provides a simple formula describing all Nash equilibria in symmetric monotone singleton congestion games. Our approach also yields a new and short proof establishing the existence of a Nash equilibrium in this kind of congestion games without invoking the potential function or the...
Persistent link: https://www.econbiz.de/10009322609
In this note we study the existence of Nash equilibria in nonsymmetric finite congestion games, complementing the results obtained by Milchtaich on monotone-decreasing congestion games. More specifically, we examine the case of two resources and we propose a simple method describing all Nash...
Persistent link: https://www.econbiz.de/10009322610
We define a new class of games, which we qualify as congestion games with exact partition. These games constitute a subfamily of singleton congestion games for which the players are restricted to choose only one strategy, but they each possess their own utility function. The aim of this paper is...
Persistent link: https://www.econbiz.de/10009322611
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We develop a model that captures the basic characteristics of competitively authoritarian regimes. An incumbent (government) faces a challenge from a rival (opposition). There is also an agent (bureaucracy) who can shirk and can interfere in this contest. Shirking is costly to the incumbent. The...
Persistent link: https://www.econbiz.de/10009352381
In a recent UEFA Champions League game between AC Milan and FC Barcelona, played in Italy (final score 2-3), the collected match statistics, classified into four offensive and two defensive strategies, were in favour of FC Barcelona (by 13 versus 8 points). The aim of this paper is to examine to...
Persistent link: https://www.econbiz.de/10009418491
The aim of this paper is to investigate the welfare effect of a change in the public firms objective function in oligopoly when the government takes into account the distortionary effect of rising funds by taxation (shadow cost of public funds). We analyze the impact of a shift from welfare- to...
Persistent link: https://www.econbiz.de/10010550795