We show that if y is an odd integer between 1 and $2^{n}-1$, there is an $n\times n$ bimatrix game with exactly y Nash equilibria (NE). We conjecture that this $2^{n}-1$ is a tight upper bound on the number of NEs in a "nondegenerate" $n\times n$ game.

The cost aspects of supplying cultural goods and services have raised many basic questions concerning the economic activity of cultural institutions. There is more or less a consensus that the same criteria that apply to the cost aspects of any business also apply to cultural institutions. The...

We extend the standard model of general equilibrium with incomplete markets to allow for default and punishment by thinking of assets as pools. The equilibrating variables include expected delivery rates, along with the usual prices of assets and commodities. By reinterpreting the variables, our...

Empirical results indicate to what extent judges recognize similanties between payoff matrices that vary in game theoretic information conditions. Judges failed to note similarities in patterns of payoffs between matrices but did recognize patterns of behavior of an opponent.

We compare laboratory general equilibrium economies in which maintenance of a depreciating public facility is financed either by anonymous voluntary contributions or taxes. Agents individually allocate their private goods between consumption and investment in production. The experimental...