Showing 81 - 90 of 30,974
equilibrium, and profits in that equilibrium fit the empirical data in Bresnahan and Reiss (1991). However, unless its equilibrium …
Persistent link: https://www.econbiz.de/10014117250
Persistent link: https://www.econbiz.de/10003736775
Persistent link: https://www.econbiz.de/10003737303
symmetric equilibrium strategies that are continuous and nonconstant over the set of values for which the good has a positive … values that can support a continuous piecewise-linear symmetric equilibrium, and we calculate such equilibria for these …
Persistent link: https://www.econbiz.de/10012726475
We reconsider Laussel and Palfrey's (2003) analysis of private provision of a discrete public good via the subscription game. We show that the equilibria they define as semi-regular do not exist. Taking players' values for the public good as uniformly distributed on [vl, vh] with vl 0, we...
Persistent link: https://www.econbiz.de/10014050790
In this paper we consider dynamic processes, in repeated games, that are subject to the natural informational restriction of uncoupledness. We study the almost sure convergence to Nash equilibria, and present a number of possibility and impossibility results. Basically, we show that if in...
Persistent link: https://www.econbiz.de/10005827501
We present a multistage stochastic procedure that produces a fair allocation of a cake among n-person. In each step players observe the collection of the random offers (x1, …, xn), where x1 + ⋯ + xn = 1. As the proposal emerged players have to make a decision to accept it or reject it. The...
Persistent link: https://www.econbiz.de/10011011321
This paper examines the existence of Berge equilibrium. Colman et al. provide a theorem on the existence of this type … of equilibrium in the paper [Colman, A. M., Körner, T. W., Musy, O. and Tazdaït, T. [2011] Mutual support in games: Some … correspondence with Nash equilibrium. We propose to restate this theorem without using Nash equilibrium, and deduce a method for the …
Persistent link: https://www.econbiz.de/10011011347
's conception of individuals raises questions about Nash equilibrium approaches toequilibria in games. …
Persistent link: https://www.econbiz.de/10011256189
equilibrium. First we prove that, when the collaborative equilibrium exists it is always efficient, what can be seen as a focal … equilibria for games where a collaborative equilibrium exists. Finally, we point out that two-player zero-sum games do not have … collaborative equilibrium and, moreover, if there exists a strategy profile formed only by collaboratively dominated actions it is a …
Persistent link: https://www.econbiz.de/10011258362