Showing 1 - 10 of 61
Persistent link: https://www.econbiz.de/10011528127
We study a class of stochastic dynamic games that exhibit strategic complementarities between players; formally, in the games we consider, the payoff of a player has increasing differences between her own state and the empirical distribution of the states of other players. Such games can be used...
Persistent link: https://www.econbiz.de/10013145264
In this paper we study stochastic dynamic games with many players; these are a fundamental model for a wide range of economic applications. The standard solution concept for such games is Markov perfect equilibrium (MPE), but it is well known that MPE computation becomes intractable as the...
Persistent link: https://www.econbiz.de/10014043635
In this paper we study stochastic dynamic games with many players; these are a fundamental model for a wide range of economic applications. The standard solution concept for such games is Markov perfect equilibrium (MPE), but it is well known that MPE computation becomes intractable as the...
Persistent link: https://www.econbiz.de/10011189748
The price of electricity supplied from home rooftop photo voltaic (PV) solar cells has fallen below the retail price of grid electricity in some areas. A number of residential households have an economic incentive to install rooftop PV systems and reduce their purchases of electricity from the...
Persistent link: https://www.econbiz.de/10010709252
Two very different contractual structures are commonly observed inservice industries with congestion effects: service level guarantees(SLGs) and best effort (BE) service. We analyze the impact of thesecontractual agreements on market outcomes in oligopolistic industries.First, we consider a...
Persistent link: https://www.econbiz.de/10009435117
This thesis addresses a problem at the nexus of engineering, computer science, and economics: in large scale, decentralized systems, how can we efficiently allocate scarce resources among competing interests? On one hand, constraints are imposed on the system designer by the inherent...
Persistent link: https://www.econbiz.de/10009433157
Persistent link: https://www.econbiz.de/10003648682
Persistent link: https://www.econbiz.de/10003344054
Persistent link: https://www.econbiz.de/10003792456