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This paper is concerned with the reception and interpretation of Paolo Sylos Labini?s theory of oligopoly since its inception. The most striking feature of the history of this reception is that, following a series of successive reinterpretations, the scope of his approach was gradually reduced...
Persistent link: https://www.econbiz.de/10011020550
example, we show how one can directly search for the latent variables implied by current economic models of strategic learning …, and attempt to localize them in the brain. Specifically, we show that the neural systems underlying strategic learning … build directly on top of those involved in simple trial-and-error learning, but incorporate additional computations that …
Persistent link: https://www.econbiz.de/10011020707
Submodularity (or concavity) is considered as an important property in the field of cooperative game theory. In this article, we characterize submodular minimum coloring games and submodular minimum vertex cover games. These characterizations immediately show that it can be decided in polynomial...
Persistent link: https://www.econbiz.de/10010950106
Weighted values of non-atomic games were introduced by Hart and Monderer. These values have been studied by using three approaches: the potential, the asymptotic and the random order approach. In this study we analyze the axiomatic approach for one class of weight functions: the set of players...
Persistent link: https://www.econbiz.de/10010950172
We analyse a non-zero sum two-person game introduced by Teraoka and Yamada to model the strategic aspects of production development in manufacturing. In particular we investigate how sensitive their solution concept (Nash equilibrium) is to small variations in their assumptions. It is proved...
Persistent link: https://www.econbiz.de/10010950376
Minority reserves are an affirmative action policy proposed by Hafalir et al. (2013) in the context of school choice. We study in the laboratory the effect of minority reserves on the outcomes of two prominent matching mechanisms, the Gale-Shapley and the Top Trading Cycles mechanisms. Our first...
Persistent link: https://www.econbiz.de/10010950612
The ways of decision making within the EU have significantly changed in the last decades: the rule of unanimity has been more and more substituted by majority voting in order to speed up decision-making processes in a Union of 27 heterogeneous member states. A third possibility is now offered by...
Persistent link: https://www.econbiz.de/10010954319
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...
Persistent link: https://www.econbiz.de/10010956370
The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in a simultaneous ascending-bid auction. The present paper gives an account of the events, describes the auction rules and market conditions, and provides a theoretical explanation...
Persistent link: https://www.econbiz.de/10010956409
The present paper concentrates on the nature and structure of inter-store price competition. It focusses especially on price competition between different retailers within one trading area and within one product category. Six theoretically founded hypotheses postulate competitive relations...
Persistent link: https://www.econbiz.de/10010956502