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In this paper we study inheritance properties of average convexity in communication situations. We show that the … study inheritance of (average) convexity of the associated potential games …
Persistent link: https://www.econbiz.de/10014208886
profit. We consider newsvendor games with possibly an infinite number of newsvendors. We prove in great generality results …
Persistent link: https://www.econbiz.de/10013109402
which they usually take different positions. Two examples of such structures are communication networks and hierarchies. In … feasible sets in communication networks and compare them with feasible sets arising from hierarchies. …
Persistent link: https://www.econbiz.de/10005137204
More than a monetary policy strategy, we interpret inflation targeting as a framework for communication. We model …
Persistent link: https://www.econbiz.de/10005030207
, which does not happen when communication is costless. Secondly, the proportion of games where no communication or one …This paper experimentally investigates free-riding behavior on communication cost in a coordination game and finds … strong indications of such free-riding. Firstly, the subjects wait for others to send a message when communication is costly …
Persistent link: https://www.econbiz.de/10010690512
This paper studies the evolution of effective pre-play communication in game where a single communication round …
Persistent link: https://www.econbiz.de/10005566227
The state in which economic agents find themselves depend on the states of theother individuals in the economy. Thie dependence may be direct or indirect and involves the network through which agents interact. This paper describes models which lie between polar extremes. On the one hand there is...
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