Showing 14,971 - 14,980 of 15,114
In this paper, we reconsider the concept of Berge equilibrium. In a recent work, Colman et al. [(2011) J. Math. Psych. 55, 166–175] proposed a correspondence for two-player games between Berge and Nash equilibria by permutation of the utility functions. We define here more general...
Persistent link: https://www.econbiz.de/10011096376
In this paper, we investigate the existence of Berge–Zhukovskii equilibrium in general normal form games. We characterize its existence via the existence of a symmetric Nash equilibrium of some n-person subgame derived of the initial game. The significance of the obtained results is...
Persistent link: https://www.econbiz.de/10011096377
If an aggregative game satisfies the generalized Hahn conditions, then there exists a unique Nash equilibrium which may not be interior and is globally asymptotically stable under two alternative continuous adjustment processes with non-negativity constraints.
Persistent link: https://www.econbiz.de/10011096380
Game theoretic analysis of queueing systems is an important research direction of queueing theory. In this paper, we study the service rate control problem of closed Jackson networks from a game theoretic perspective. The payoff function consists of a holding cost and an operating cost. Each...
Persistent link: https://www.econbiz.de/10011097770
A jury has to choose the winner of a contest. There exists a deserving winner, whose identity is common knowledge among the jurors, but not known by the planner. Jurors may be biased in favor (friend) or against (enemy) some contestants. We study conditions on the confi?guration of the jury so...
Persistent link: https://www.econbiz.de/10011103261
We consider strategic games where strategy sets are linearly ordered while the preferences of the players are described by binary relations. All restrictions imposed on the preferences are satisfied in the case of epsilon-optimization of a bounded-above utility function. A Nash equilibrium...
Persistent link: https://www.econbiz.de/10011107760
Like in the film Field of Dreams, the sentence “if you build it, he will come” also applies in power systems. In this sense, if a transmission planner suggests building some lines in anticipation of generation capacity investments, then it can induce generation companies to invest in a more...
Persistent link: https://www.econbiz.de/10011039544
A comprehensive theory of large strategic games with (socioeconomic and biological) traits (LSGT) has recently been presented in Khan et al. (2012, 2013), and we present a reformulation pertaining to large distributional games with traits (LDGT).
Persistent link: https://www.econbiz.de/10011041659
This paper studies the von Neumann–Morgenstern (vNM) stable sets for the mixed extension of 2×2 games when only single profitable deviations are allowed. We show that games with a strict Nash equilibrium have infinite vNM stable sets, and games without a strict Nash equilibrium have just a...
Persistent link: https://www.econbiz.de/10011041666
In this note, I derive the asymptotic relation verified by oligopolists' iso-profit curves within Cournot's game. Thereafter, I provide an economic rationale for such a mathematical relation. The results of this exploration suggest that for each firm the asymptotes of the iso-profit curves...
Persistent link: https://www.econbiz.de/10011108311