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Mathematical foundations of conflict resolutions are deeply rooted in the theory of cooperative and non-cooperative games. While many elementary models of conflicts are formalized, one often raises the question whether game theory and its mathematically developed tools are applicable to actual...
Persistent link: https://www.econbiz.de/10011279142
This paper develops alternative models explaining why households with credit need to finance their projects (enterprises) avoid formal credit. More importantly it argues that the problem of avoidance of formal credit and ensuring credit access is not necessarily restricted to the small borrower...
Persistent link: https://www.econbiz.de/10011279143
We investigate various properties of the sublevel set G = {x : g(x) ≤ 1} and the integration of h on this sublevel set when g and h are positively homogeneous functions (and in particular homogeneous polynomials). For instance, the latter integral reduces to integrating h exp(-g) on the whole...
Persistent link: https://www.econbiz.de/10011279144
We present an application of lattice theory to the framework of influence in social networks. The contribution of the paper is not to derive new results, but to synthesize our existing results on lattices and influence. We consider a two-action model of influence in a social network in which...
Persistent link: https://www.econbiz.de/10011279145
This paper establishes a simple asymptotic formula for the finite time ruin probability of a compound renewal risk model with constant interest force. We assume that the claim sizes are Weakly Negatively Dependent (WND) and identically distributed random variables belonging to the class of...
Persistent link: https://www.econbiz.de/10011279146
Two-person finite semi-Markov games (SMGs) are studied when the transition probabilities and the transition times are controlled by one player at all states. For the discounted games in this class, we prove that the ordered field property holds and there exist optimal/Nash equilibrium stationary...
Persistent link: https://www.econbiz.de/10011279147
No abstract received.
Persistent link: https://www.econbiz.de/10011279148
Inductive game theory has been developed to explore the origin of beliefs of a person from his accumulated experiences of a game situation. It has been restricted to a person's view of the structure not including another person's thoughts. In this paper, we explore the experiential origin of...
Persistent link: https://www.econbiz.de/10011279149
This paper looks at society divided into two groups where personal assets as well as group specific values influences the individuals' utility (positively for own group's value and possibly otherwise for the other group's value). Individual resource allocation problem may lead to under...
Persistent link: https://www.econbiz.de/10011279150
The concert queueing problem corresponds to determining the equilibrium arrival profile of non-cooperative customers selecting their arrival times to a queue where the service opens at a specified time. The customers are allowed to arrive before or after this time. This problem has a variety of...
Persistent link: https://www.econbiz.de/10011279151