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We provide an abstract framework for submodular mean field games and identify verifiable sufficient conditions that allow to prove existence and approximation of strong mean field equilibria in models where data may not be continuous with respect to the measure parameter and common noise is...
Persistent link: https://www.econbiz.de/10012819025
How to allocate vaccines over heterogeneous individuals is one of the important policy decisions in pandemic times. This paper develops a procedure to estimate an individualized vaccine allocation policy under limited supply, exploiting social network data containing individual demographic...
Persistent link: https://www.econbiz.de/10012621136
How to allocate vaccines over heterogeneous individuals is one of the important policy decisions in pandemic times. This paper develops a procedure to estimate an individualized vaccine allocation policy under limited supply, exploiting social network data containing individual demographic...
Persistent link: https://www.econbiz.de/10012667928
This paper develops a general two-period model of product line pricing with customer recognition. Specifically, we consider a monopolist who can sell vertically differentiated products over two periods to heterogeneous consumers. Each consumer demands one unit of the product in each period. In...
Persistent link: https://www.econbiz.de/10005787211
This paper examines a two-period tournament where agents may possibly engage in destructive sabotage activities. Under plausible circumstances, sabotage proves to be an effective tool for low-ability agents, especially when they are faced with high-ability agents. The possibility of sabotage...
Persistent link: https://www.econbiz.de/10005558170
different from the case of ex post firm symmetry. The key properties of the game are submodularity (R&D decisions are strategic …
Persistent link: https://www.econbiz.de/10005749424
Persistent link: https://www.econbiz.de/10005715555
submodularity and coordinatewise convexity. Based on these properties, we develop efficient algorithms to compute the optimal policy …
Persistent link: https://www.econbiz.de/10010990412
Persistent link: https://www.econbiz.de/10011507779
Persistent link: https://www.econbiz.de/10012000808