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Prisoner's dilemma played by finite automata is reviewed again using a slightly modified measure of complexity. At a first step, an equilibrium with a large number of possible outcomes is shown to hold. At a second stage, we consider a game of repeated interaction, and show that on (limit)...
Persistent link: https://www.econbiz.de/10005081028
Consider G = (X1,…,XM,g1,…,gM) an M-player game in strategic form, where the set Xi is an interval of real numbers and the payoff functions gi are differentiable with respect to the related variable xi ∈ Xi. If they are also concave, with respect to the related variable, then it is...
Persistent link: https://www.econbiz.de/10005081029
We decompose the representative agent into her manager, worker and rentier selves. The criterion is the information set of each of the 'incarnations' at every stage of a repeated game. The rentier's information set includes anticipating information while the information set of the other agents...
Persistent link: https://www.econbiz.de/10005081030
This paper shows how strategic matching generates reputation-building behavior in an evolutionary chain-store game. Strategic matching means the possibility for an entrant to choose in a strategic way the local market into which it will move. Players are boundedly rational and follow behavioral...
Persistent link: https://www.econbiz.de/10005081031
This paper studies a transboundary pollution problem between two neighbour regions as a dynamic game. These two regions do not only share an environmental problem but they are also engaged in interregional trade. A good produced in one region is traded to the other which uses it as an input....
Persistent link: https://www.econbiz.de/10005081032
A formula is presented for computing the equilibrium payoffs in a generic finite two-person game when the support of the equilibrium is known.
Persistent link: https://www.econbiz.de/10005081033
I give necessary and sufficient conditions on the payoff set that guarantee uniqueness of the equilibrium in the Rubinstein bargaining model. The conditions encompass a class of non-convex or disconnected payoff sets with discontinuous Pareto frontiers. Roughly speaking, the equilibrium is...
Persistent link: https://www.econbiz.de/10005081034
A planar interception problem of a maneuverable target is considered using the linearized kinematic model with variable velocities and first-order dynamics of the interceptor and target. The maneuverabilities of the interceptor and target are assumed to be variable. By using an auxiliary...
Persistent link: https://www.econbiz.de/10005081035
A two-person general-sum repeated game with vanishing actions is an infinitely repeated game where the players face the following restrictions. Each action must be used by player k ∈ {1,2} at least once in every rk ∈ ℕ consecutive stages, otherwise the action vanishes for the remaining...
Persistent link: https://www.econbiz.de/10005081036
In this paper we study and compute E-points in an explicit way for diagonal games of three, four, five and n-players.
Persistent link: https://www.econbiz.de/10005081037