Showing 8,111 - 8,120 of 8,252
This paper surveys three areas of applications of dynamic games: (i) transboundary pollution, (ii) exploitation of transboundary resources, and (iii) problems of the developing world: capital flights, foreign aid, war and peace. A refresher section introduces the basic ideas and solution...
Persistent link: https://www.econbiz.de/10010698743
We introduce a description of the power structure which is inherent in a strategic gameform using the concept of an interaction sheaf. The latter assigns to each open set of outcomes a set of interaction arrays, specifying the changes that coalitions can make if outcome belongs to this open set....
Persistent link: https://www.econbiz.de/10011025909
In this paper, we establish the existence of Berge's strong equilibrium for games with n persons in infinite dimensional strategy spaces in the case where the payoff function of each player is quasi-concave. Moreover, we study the continuity of Berge's strong equilibrium correspondence and prove...
Persistent link: https://www.econbiz.de/10011025970
The design of equilibrium protocols in sender-receiver games where communication is noisy occupies an important place in the Economic literature. This paper shows that the common way of constructing a noisy channel communication protocol in Information Theory does not necessarily lead to a Nash...
Persistent link: https://www.econbiz.de/10008455644
We introduce a model of tourism choice where we consider that the choice of a tourism resort by a tourist, depends not only on the characteristics of the product offered by the resort but depends also on certain characteristics -crowding types- of the other tourists that have chosen the same...
Persistent link: https://www.econbiz.de/10008458991
A growing body of literature suggests that courts and juries are inclined toward division of liability between two strictly non-negligent or “vigilant†parties. However, standard models of liability rules do not provide for vigilance-based sharing of liability. In this paper, we...
Persistent link: https://www.econbiz.de/10008460997
Guided by game theory we develop a model to explain behavioral equilibria under uncertainty and interaction with the spot market on balancing markets. We offer some insights for the general model and derive explicit solutions for a specific model in which the error distributions and pricing...
Persistent link: https://www.econbiz.de/10008464578
We find the Nash equilibria for monotone n-player symmetric games where each player chooses whether to participate. Examples include market entry games, coordination games, and the bar-room game depicted in the movie 'A Beautiful Mind'. The symmetric Nash equilibrium involves excessive...
Persistent link: https://www.econbiz.de/10005662078
In repeated games with imperfect public monitoring, players can use public signals to perfectly coordinate their behavior. Our study of repeated games with imperfect private monitoring focusses on the coordination problem that arises without public signals.
Persistent link: https://www.econbiz.de/10005663652
It has been recognized that the optimal strategy of a government is generally time-inconsistent: optimality requires that the government take into account expectations effects in the formulation of its policy and to ignore these effects when applying the policy. In order to analyse the problem,...
Persistent link: https://www.econbiz.de/10005666548