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In developed economies the high material production of the goods satisfy new and diversified necessities. Individual and social needs in a permanent dynamic have determined the need to develop services faster than the speed of diversification of properties. Mostly modern economy is producing and...
Persistent link: https://www.econbiz.de/10009147697
Работа посвящена экономической теории социального сектора и отражает результаты многолетних исследований автора в данной области. В статье содержится анализ...
Persistent link: https://www.econbiz.de/10009148057
We develop a theory of decision making and General Equilibrium for contingent markets when incomplete preferences are generated by second-order stochastic dominance (SSD). Demand, Pareto-optima and equilibria dominance are fully characterized. Demands and equilibrium allocations are...
Persistent link: https://www.econbiz.de/10009222417
This paper analyses quality discrimination when the monopolist provides two types of qualities for two-types of users, for example, in the software market. The users using software are confronted with two types of quality in using the software: one is related to learning, while the other is...
Persistent link: https://www.econbiz.de/10009223954
Stackelberg-like games show a situation where there is a clear advantage in moving first. In a thought provoking article, Bagwell [1995] shows that this advantage may not be robust against imperfect observations of the first move. We explore these ideas in the context of forward induction in...
Persistent link: https://www.econbiz.de/10009366444
In simultaneous ascending price auctions with heterogeneous goods Brusco and Lopomo [2002] derive collusive equilibria, where bidders divide objects among themselves, while keeping the prices low. Considering a simultaneous ascending price auction with a fixed deadline, i.e. the hard close...
Persistent link: https://www.econbiz.de/10009366445
The article analyzes how a defender determines a balance between protecting an object (passive defense) and striking preventively against an attacker seeking to destroy the object (active defense). The attacker analogously determines a balance between attacking and protecting against the...
Persistent link: https://www.econbiz.de/10009366446
We study a non-cooperative model of unilateral network formation. Derks et al. [2008b] prove the existence of local-Nash and global-Nash networks for games with payoff functions that satisfy a framework of axiomatic properties. These properties are inspired by the one-way flow model, which is...
Persistent link: https://www.econbiz.de/10009366447
In a strategic coalitional game, we consider the relations among four cores α, β, γ, and the one we call δ which is obtained by slightly weakening the conjectural cooperative equilibria due to Currarini and Marini. We show that the α-core and the γ-core are refined by the δ-core; and,...
Persistent link: https://www.econbiz.de/10009366448
This article studies how a mechanism designer can influence games by promising payments to the players depending on their mutual choice of strategies. First, we investigate the cost of implementing a desirable behavior and present algorithms to compute this cost. Whereas a mechanism designer can...
Persistent link: https://www.econbiz.de/10009366449