Similar Search Results

Perfection and Stability of Stationary Points with Applications to Noncooperative Games

Laan, Gerard van der; Talman, Dolf; Yang, Zaifu - Tinbergen Instituut - 2002

Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the existence of a …

Persistent link: https://www.econbiz.de/10011255864

Cooperation and framing effects in provision point mechanisms: experimental evidence

Bougherara, Douadia; Denant-Boemont, Laurent; Masclet, David - Département Sciences Sociales, Agriculture et … - 2011

Andreoni (1995) showed that pure framing effects may influence contribution in Voluntary Contribution Mechanisms (VCM) by comparing a standard public goods game, called the positive frame condition (giving to the public good), with a negative frame condition (taking from the public good) where...

Persistent link: https://www.econbiz.de/10011204307

Market Games and Clubs

Wooders, Myrna - Vanderbilt University Department of Economics - 2009

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/10008624634

Introduction to Experimental Economics

Davis, Douglas D.; Holt, Charles A. - Princeton University Press

, bargaining, provision of public goods, experimental games, and decision making under uncertainty. The book also contains …

Persistent link: https://www.econbiz.de/10008630029

Gambling

Commission, Productivity - Productivity Commission, Government of Australia

This inquiry report was released on 23 June 2010. Gambling was substantially liberalised in most Australian states and territories in the 1990s. Subsequent years saw not only a surge in gambling expenditure and industry growth, but also adverse impacts on many Australians and their families. The...

Persistent link: https://www.econbiz.de/10008914835

Note: Dynamic Conjectural Variations in a Lanchester Oligopoly

Erickson, Gary M. - In: Management Science 43 (1997) 11, pp. 1603-1608

An approach based on dynamic conjectural variations is advanced for developing dynamic advertising strategies in a Lanchester oligopoly differential game. The approach allows competitors to anticipate rival reactions to market-share state variables, and maintains the computational advantage of...

Persistent link: https://www.econbiz.de/10009208535

Performance Contracting in After-Sales Service Supply Chains

Kim, Sang-Hyun; Cohen, Morris A.; Netessine, Serguei - In: Management Science 53 (2007) 12, pp. 1843-1858

Performance-based contracting is reshaping service support supply chains in capital-intensive industries such as aerospace and defense. Known as "power by the hour" in the private sector and as "performance-based logistics" (PBL) in defense contracting, it aims to replace traditionally used...

Persistent link: https://www.econbiz.de/10009208764

Product Positioning Under Price Competition

Choi, S. Chan; Desarbo, Wayne S.; Harker, Patrick T. - In: Management Science 36 (1990) 2, pp. 175-199

This paper presents a consumer-based methodology for new product pricing and positioning in the face of price competition. The price competition is modelled as a Nash equilibrium for which two complementary approaches are employed: an analytical approach of duopoly provides qualitative insights...

Persistent link: https://www.econbiz.de/10009208940

Equilibrium Strategies for Final-Offer Arbitration: There is no Median Convergence

Brams, Steven J.; Samuel Merrill, III - In: Management Science 29 (1983) 8, pp. 927-941

Final-offer arbitration is a procedure for settling disputes between two parties in which an arbitrator chooses the final offer of the party closest to what he considers a fair settlement. This procedure is modeled as a two-person, zero-sum game of imperfect information, in which the parties are...

Persistent link: https://www.econbiz.de/10009214086

Empirical Analysis of Closed-Loop Duopoly Advertising Strategies

Erickson, Gary M. - In: Management Science 38 (1992) 12, pp. 1732-1749

Closed-loop (perfect) equilibria in a Lanchester duopoly differential game of advertising competition are used as the basis for empirical investigation. Two systems of simultaneous nonlinear equations are formed, one from a general Lanchester model and one from a constrained model. Two empirical...

Persistent link: https://www.econbiz.de/10009214382