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Sutton, John - London School of Economics (LSE) - 1995

This paper proposes an equilibrium concept for a class of games in which players make irreversible costly decisions …; these games have been widely used in the recent I.O. literature. The equilibrium concept is defined, not in the space of …

Persistent link: https://www.econbiz.de/10010746422

On the optimal choices of R&D risk in a market with network externalities

Xing, Mingqing - In: Economic Modelling 38 (2014) C, pp. 71-74

This paper develops the Hotelling spatial model investigating the optimal choices of R&D risk in a market exhibiting network externalities. Assuming that firms perform R&D projects with identical expected outcomes but different risk degrees, it is found that, under certain conditions, the level...

Persistent link: https://www.econbiz.de/10010753329

Evolution, Rationality and Equilibrium in Games

Weibull, Jörgen W. - Institutet för Näringslivsforskning (IFN) - 1997

evolutionary forces in games played repeatedly in large populations of boundedly rational agents. The approach is macro oriented in …

Persistent link: https://www.econbiz.de/10010818398

Random Coefficients in Static Games of Complete Information

Hoderlein, Stefan; Dunker, Fabian; Kaido, Hiroaki - Department of Economics, Boston College - 2013

Individual players in a simultaneous equation binary choice model act differently in different environments in ways that are frequently not captured by observables and a simple additive random error. This paper proposes a random coefficient specification to capture this type of heterogeneity in...

Persistent link: https://www.econbiz.de/10010706320

J.-F. Mertens (1946-2012) : Des jeux répétés a l'analyse "coùt-bénéfice"

Forges, Françoise - Université Paris-Dauphine (Paris IX) - 2013

them today. Along with about 80 articles, Mertens's topics go from the formulation of Bayesian decision making in games … others, the selection of Nash equilibria in noncooperative games, the existence of solutions for stochastic games and the … extension of the Shapley value in cooperative games with infinitely many negligible agents. …

Persistent link: https://www.econbiz.de/10011074149

On the Convergence of Reinforcement Learning

Beggs, Alan - Department of Economics, Oxford University - 2002

all players use this rule it eliminates iteratively dominated strategies and in two-person constant-sum games average … payoffs converge to the value of the game. Strategies converge in constant-sum games with unique equilibria if they are pure … or in 2 × 2 games also if they are mixed. The long-run behaviour of the learning rule is governed by equations related to …

Persistent link: https://www.econbiz.de/10011166126

The Industry and Policy Context for Digital Games for Empowerment and Inclusion: Market Analysis, Future Prospects and Key Challenges in Videogames, Serious Games and Gamification.

Stewart, James; Misuraca, Gianluca - Institute for Prospective Technological Studies (IPTS), … - 2012

The effective use of digital games for empowerment and social inclusion (DGEI) of people and communities at risk of … 'serious games' industry. The videogames industry is an ecosystem of developers, publishers and other service providers drawn … from the interactive media, software and broader ICT industry that services the mainstream leisure market in games, The …

Persistent link: https://www.econbiz.de/10011169843

The Potential of Digital Games for Empowerment and Social Inclusion of Groups at Risk of Social and Economic Exclusion: Evidence and Opportunity for Policy

Stewart, James; Bleumers, Lizzy; Centeno - Institute for Prospective Technological Studies (IPTS), … - 2013

This report addresses the potential of digital games to support social inclusion and empowerment (DGEI). It is based on … opportunities and limitations of digital games for empowerment and as a tool for socio-economic inclusion of people at risk of … opportunities and challenges for deployment of digital games and gaming in fields such as wellness and aging, education and …

Persistent link: https://www.econbiz.de/10011169907

Obligation Rules for Minimum Cost Spanning Tree Situations and their Monotonicity Properties

Norde, Henk; Tijs, S.H.; Brânzei, R.; Moretti, S. - Tilburg University, Center for Economic Research - 2004

We introduce the class of Obligation rules for minimum cost spanning tree situations.The main result of this paper is that such rules are cost monotonic and induce also population monotonic allocation schemes.Another characteristic of Obligation rules is that they assign to a minimum cost...

Persistent link: https://www.econbiz.de/10011090299

On the Core of Multiple Longest Traveling Salesman Games

Borm, Peter; Estevez Fernandez, M.A.; Hamers, H.J.M. - Tilburg University, Center for Economic Research - 2003

In this paper we introduce multiple longest traveling salesman (MLTS) games. An MLTS game arises from a network in … combinations of one and two person coalitions.Secondly it is shown that MLTS games with ¯ve or less players have a nonempty core …

Persistent link: https://www.econbiz.de/10011090530