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A Remark on the Number of Trading Posts in Strategic Market Games.
Koutsougeras, L.C. - Center for Operations Research and Econometrics (CORE), … - 1999
In market games the one to one correspondence between commodity types and trading posts would be justified if it were true that the set of equilibria is not affected by the number of trading posts postulated at the ouset of the model. We show that this is not true.
Persistent link: https://www.econbiz.de/10005478962
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Information Aggregation and Beliefs inExperimental Parimutuel Betting Markets
Koessler, Frédéric; Noussair, Charles; Ziegelmeyer, … - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2007
We study sequential parimutuel betting markets with asymmetrically informed bettors, usingan experimental approach. In one treatment, groups of eight participants play twenty repetitionsof a sequential betting game. The second treatment is identical, except that bettors are observedby other...
Persistent link: https://www.econbiz.de/10005866873
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Trade tariffs and self-enforcing environmental agreements
Eichner, Thomas; Pethig, Rüdiger - 2013
international trade, self-enforcing - or stable - IEAs may comprise up to 60% of all countries (Eichner and Pethig 2013). But these … coalitions are Stackelberg leaders and set tariffs in addition to their cap-and-trade schemes. Surprisingly, these smaller IEAs …
Persistent link: https://www.econbiz.de/10010204680
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Trade tariffs and self-enforcing environmental agreements
Eichner, Thomas; Pethig, Rüdiger - 2013
international trade, self-enforcing - or stable - IEAs may comprise up to 60 % of all countries (Eichner and Pethig 2013). But these … coalitions are Stackelberg leaders and set tariffs in addition to their cap-and-trade schemes. Surprisingly, these smaller IEAs …
Persistent link: https://www.econbiz.de/10010213411
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Arms races and conflict : experimental evidence
Abbink, Klaus; Dong, Lu; Huang, Lingbo - 2019
beneficial trade decreases the risk of confrontation, but not necessarily the likelihood of costly arms races. …
Persistent link: https://www.econbiz.de/10011975495
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Price Symmetry in a Duopoly with Congestion.
Haimanko, O.; Steinberg, R. - Center for Operations Research and Econometrics (CORE), … - 2000
an equilibrium does exisq it is unique. Closed formexpressions for the symmetric equilibrium prices and profits are …
Persistent link: https://www.econbiz.de/10005207641
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The Theory of Money and Financial Institutions: A Summary of a Game Theoretic Approach
Shubik, Martin - Cowles Foundation for Research in Economics, Yale University - 2006
A game theoretic approach to the theory of money and financial institution is given utilizing both the strategic and coalitional forms for describing the economy. The economy is first modeled as a strategic market game, then the strategic form is used to calculate several cooperative forms that...
Persistent link: https://www.econbiz.de/10005762688
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Are People Willing to Pay to Reduce Others' Incomes?.
Zizzo, D.J.; Oswald, A. - Department of Economics, University of Warwick - 2000
This paper studies utility interdependence in the laboratory. We design an experiment where subjects can reduce ("burn") other subjects' money. Those who burn the money of others have to give up some of their own cash. Despite this cost, and contrary to the assumptions of economics textbooks,...
Persistent link: https://www.econbiz.de/10005583019
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Oligopolies With Set-Valued Inverse Demand.
Flam, S.D.; Mallozzi, L.; Morgan, J. - Institutt for Økonomi, Universitetet i Bergen - 2001
This note deals with Cournot type oligopolies in which the market clearing price occasionally may be non-unique. A Stackelberg leading producer is present. Given that setting we explore continuity properties of the followers' reaction and provide sufficient conditions for existence of equilibrium.
Persistent link: https://www.econbiz.de/10005647145
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Minimally Complex Exchange Mechanisms: Emergence of Prices, Markets, and Money
Dubey, Pradeep; Sahi, Siddhartha; Shubik, Martin - Cowles Foundation for Research in Economics, Yale University - 2014
"fairness" and "convenience" then it admits unique prices, in the sense of consistent exchange-rates across commodity pairs ij … directed graphs G in a precise sense. The edges of G can be regarded as markets for commodity pairs, and prices play a stronger … role in that the return to a trader depends only on his own offer and the prices. Finally we consider "strongly" minimal …
Persistent link: https://www.econbiz.de/10010817223