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Long-run oligopolistic expansion behavior in an electricity supply market is modeled in this paper.
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We make three contributions to the theory of contracting under asymmetric information. First, we establish a … competitive revelation principle for contracting games in which several principals compete for one privately informed agent. In …
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We introduce the framework of noncooperative pregames and demonstrate that for all games with sufficiently many players … information. …
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We introduce a class of communication equilibria, which we call self-fulfilling mechanisms, and show that they provide a game-theoretic foundation to rational expectations equilibria.
Persistent link: https://www.econbiz.de/10005618870
This paper describes the historical evolution of the analysis of some aspects of the strategic use of information. The … use of mixed strategies aims to create uncertainty on the move to be played or on the private information of the players …
Persistent link: https://www.econbiz.de/10005618884
We introduce here zero-sum games, which represent the strategic interactions where two agents have totally opposed …. These quantities always exist if the information is perfect (there is no uncertainty) and the number of stages of the …
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