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We study conditional cooperation based on a sequential two-person linear public good game in which a trusting first contributor can be exploited by a second contributor. After playing this game the first contributor is allowed to punish the second contributor. The consequences of sanctioning...
Persistent link: https://www.econbiz.de/10014166938
В работе рассмотрены некоторые модификации двух принципов австрийской школы – методологического субъективизма и методологического индивидуализма,а также...
Persistent link: https://www.econbiz.de/10011026549
Настоящее исследование посвящено методологическим аспектам Теории опекаемых благ, модификации двух либеральных принципов австрийской...
Persistent link: https://www.econbiz.de/10011026551
Настоящее исследование посвящено методологическим аспектам Теории опекаемых благ, модификации двух либеральных принципов австрийской...
Persistent link: https://www.econbiz.de/10010762518
unbounded populations). In many network games, however, it is uncertain which situation emerges. In this paper I identify two …, binary-choice, network games. In quasi-consistent networks these games converge to an absorbing state regardless of the …
Persistent link: https://www.econbiz.de/10010939761
We show in a differential game of a differentiated product doupoly model of price competition with costly production adjustment that when firms are symmetric the leadership attempt by each firm turns into Stackelberg price warfare yielding a (MArkov perfect) steady state outcome more competitive...
Persistent link: https://www.econbiz.de/10005245701
competitive revelation principle for contracting games in which several principals compete for one privately informed agent. In …
Persistent link: https://www.econbiz.de/10005146848
The equivalence of markets and games concerns the relationship between two sorts of structures that appear … fundamentally different -- markets and games. Shapley and Shubik (1969) demonstrates that: (1) games derived from markets with … concave utility functions generate totally balanced games where the players in the game are the participants in the economy …
Persistent link: https://www.econbiz.de/10009328147
Persistent link: https://www.econbiz.de/10005774086
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