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complex networks have been important research topics. In the inter-firm innovation network, it is a typical game behavior for …-firm innovation network. We build an extended inter-firm n-player game based on nonidealized conditions, describe four investment … strategies and simulate the strategies on an inter-firm innovation network in order to compare their performance. By analyzing …
Persistent link: https://www.econbiz.de/10011418694
We introduce a model of product development in a firm. Our model describes the process as a multi-stage contest (i.e., race) with an endogenous length (with one stage or two stages) between two workers. We model the payments to workers from the new product using the normatively appealing Nash...
Persistent link: https://www.econbiz.de/10012165947
This paper is an attempt to develop a unified approach to endogenous heterogeneity by constructing general class of two-player symmetric games that always possess only asymmetric pure-strategy Nash equilibria. These classes of games are characterized in some abstract sense by two general...
Persistent link: https://www.econbiz.de/10014057271
Suppose that individual payoffs depend on the network connecting them. Consider the following simultaneous move game of network formation: players announce independently the links they wish to form, and links are formed only under mutual consent. We provide necessary and sufficient conditions on...
Persistent link: https://www.econbiz.de/10014066536
debated topic in the literature. Although controversial, such an argument has informed recent innovation policy across Germany …-based innovation policies are receiving, it is worth answering two main ques-tions. First, are firms with a relatively high level of … social capital likely to be more in-novative? Second, do companies pursuing innovation in partnership innovate more? This …
Persistent link: https://www.econbiz.de/10010266659
topic in the literature. Although controversial, such an argument has informed recent innovation policy across Germany …-based innovation policies are receiving, it is worth answering two main questions. First, are firms with a relatively high level of … social capital likely to be more innovative? Second, do companies pursuing innovation in partnership innovate more? This …
Persistent link: https://www.econbiz.de/10005006752
A game-theoretic framework that allows for explicitly randomized strategies is used to study the effect of ambiguity aversion on equilibrium outcomes. The notions of "independent strategies" as well as of "common priors" are amended to render them applicable to games in which players lack...
Persistent link: https://www.econbiz.de/10003947388
We conduct an experiment to uncover the reasons behind the typically large behavioral variation and low explanatory power of Nash equilibrium observed in Tullock contests. In our standard contest treatment, only 7% of choices are consistent with Nash equilibrium which is in line with the...
Persistent link: https://www.econbiz.de/10010233103
The paper generalizes Kuhn's Theorem to extensive form games in which players condition their play on the realization of ambiguous randomization devices and use a maxmin decision rule to evaluate the consequences of their decisions. It proves that ambiguous behavioral and ambiguous mixed...
Persistent link: https://www.econbiz.de/10010366154
In the standard formulation of game theory, agents use mixed strategies in the form of objective and probabilistically precise devices to conceal their actions. We introduce the larger set of probabilistically imprecise devices and study the consequences for the basic results on normal form...
Persistent link: https://www.econbiz.de/10013091318