Showing 1 - 10 of 22,166
This paper studies the target projection dynamic, which is a model of myopic adjustment for population games. We put it …
Persistent link: https://www.econbiz.de/10010281428
We consider a game played by a state sponsor of terrorism, a terrorist group, and the target of terrorist attacks. The sponsoring state wishes to see as much damage inflicted on the target of attack as possible, but wishes to avoid retaliation. To do so, his relationship with the terrorist group...
Persistent link: https://www.econbiz.de/10011379528
Theoretical and experimental studies of noncooperative games increasingly recognize Nash equilibrium as a limiting outcome of players repeated interaction. This note, while sharing that view, illustrates and advocates combined use of convex optimization and differential equations, the purpose...
Persistent link: https://www.econbiz.de/10011408978
certain modes of behavior due to learning by doing. This paper provides discrete-time adjustment processes for strategic games …
Persistent link: https://www.econbiz.de/10010281202
Both in game theory and in general equilibrium theory there exists a number of universally stable adjustment processes … the processes are adjustment rules by which an auctioneer can clear all markets. Examples are the processes studied by …
Persistent link: https://www.econbiz.de/10014160968
certain modes of behavior due to learning by doing. This paper provides discrete-time adjustment processes for strategic games …
Persistent link: https://www.econbiz.de/10005423867
price changes coexist; (2) the probability of price adjustment is largely independent of the time since last adjustment; (3 …) the size of the adjustment is largely independent of the time since last adjustment; (4) extreme prices are younger than …
Persistent link: https://www.econbiz.de/10011083997
of learning by doing.This paper provides discrete-time adjustment processes for strategic games in which players display …
Persistent link: https://www.econbiz.de/10011090704
The relationships between five stability criteria for evolutionary games are studies.
Persistent link: https://www.econbiz.de/10010321792
This paper studies network formation in settings where players are heterogeneous with respect to benefits as well as the costs of forming links. Our results demonstrate that centrality, center-sponsorship and short network diameter are robust features of equilibrium networks. We find that in a...
Persistent link: https://www.econbiz.de/10010324770