Showing 1 - 10 of 30,974
a new existence of private-provision equilibrium. … relying on first order conditions, the authors demonstrate existence of Nash equilibrium and an extension of Warr's neutrality … result - any redistribution of endowment that left the set of contributors unchanged would induce a new equilibrium with the …
Persistent link: https://www.econbiz.de/10011168562
a new existence of private-provision equilibrium. … relying on first order conditions, the authors demonstrate existence of Nash equilibrium and an extension of Warr's neutrality … result - any redistribution of endowment that left the set of contributors unchanged would induce a new equilibrium with the …
Persistent link: https://www.econbiz.de/10010603811
a new existence of private-provision equilibrium. … relying on first order conditions, the authors demonstrate existence of Nash equilibrium and an extension of Warr's neutrality … result -- any redistribution of endowment that left the set of contributors unchanged would induce a new equilibrium with the …
Persistent link: https://www.econbiz.de/10011108853
a new existence of private-provision equilibrium. … relying on first order conditions, the authors demonstrate existence of Nash equilibrium and an extension of Warr's neutrality … result - any redistribution of endowment that left the set of contributors unchanged would induce a new equilibrium with the …
Persistent link: https://www.econbiz.de/10010550744
, an appropriately designed lottery can implement an efficient allocation in pure-strategy Nash equilibrium. The lottery …
Persistent link: https://www.econbiz.de/10010939869
, an appropriately designed lottery can implement an efficient allocation in pure-strategy Nash equilibrium. The lottery …
Persistent link: https://www.econbiz.de/10013068486
contributions. They coincide in yielding efficient outcomes. Our focal equilibrium notions are the Multiplicative Kantian Equilibrium … in the Kant-Roemer modelling and the Balanced Linear Cost Share Equilibrium for the Wicksell-Lindahl approach. It turns …
Persistent link: https://www.econbiz.de/10013238319
means of dynamically implementing the equilibrium strategy in a single game. Our formulation emphasizes the distinction … a dynamic one. Existence of Nash equilibrium in the class of mixed strategies is proved for non …
Persistent link: https://www.econbiz.de/10005050946
A Nash equilibrium can also be seen as a Cournot-Nash equilibrium, though this is debated because Cournot provided a … interpretation: when players know the structure of the game, they can use the solution to predict the equilibrium. He thus introduces …
Persistent link: https://www.econbiz.de/10011378728
I study the path properties of adaptive heuristics that mimic the natural dynamics of play in a game and converge to the set of correlated equilibria. Despite their apparent differences, I show that these heuristics have an abstract representation as a sequence of probability distributions that...
Persistent link: https://www.econbiz.de/10012015733