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Game-theoretic models of fisheries typically consider cases where some players harvest a single common fish stock. However, these types of models do not capture many real-world mixed fisheries, where species can be biologically independent or dependent. The present paper considers cases where...
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We provide motivations for the correlated equilibrium solution concept from the game-theoretic and optimization perspectives. We then propose an algorithm that computes <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$${\varepsilon}$$</EquationSource> </InlineEquation> -correlated equilibria with global-optimal (i.e., maximum) expected social welfare for normal form...</equationsource></inlineequation>
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The effect of the competition among self-regulatory organizations (SROs) on the efficiency of the corresponding goods and services markets is studied. It is shown that under certain conditions the competition among SROs worsens the quality of the goods and services and leads to decreasing...
Persistent link: https://www.econbiz.de/10011272698
The effect of competition among self-regulatory organizations (SRO) on the efficiency of the corresponding goods and services markets is considered. It is shown that under certain conditions the competition among SRO worsens the quality of the goods and services and leads to decrease in...
Persistent link: https://www.econbiz.de/10011258971
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The purpose of this paper is that of extending the model of Resolute Choice (McClennen 1990) to a situation of interaction and comparing its performance with the Sophisticated-subgame perfect equilibrium model in an experiment. A non-cooperative game in which two players with different...
Persistent link: https://www.econbiz.de/10005077151
This paper investigates a possible future business case for green hydrogen production from hydropower. The main research question is to find the trade-offs for a run-of-river hydropower plant owner between the currently prevailing business model of wholesale electricity trading and,...
Persistent link: https://www.econbiz.de/10014512953