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A Computational Laboratory for Evolutionary Trade Networks
McFadzean, David; Stewart, Deron; Tesfatsion, Leigh S. - Department of Economics, Iowa State University - 2001
This report presents, motivates, and illustrates the use of a computational laboratory for the investigation of evolutionary trade network formation among strategically interacting buyers, sellers, and dealers. The computational laboratory, referred to as the Trade Network Game Laboratory (TNG...
Persistent link: https://www.econbiz.de/10004979909
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Dynamic LMP Response Under Alternative Price-Cap and Price-Sensitive Demand Scenarios
Li, Hongyan; Sun, Junjie; Tesfatsion, Leigh S. - Department of Economics, Iowa State University - 2008
This study investigates the complicated nonlinear effects of demand-bid price sensitivity and supply-offer price caps on Locational Marginal Prices (LMPs) for bulk electric power when profit-seeking generators can learn over time how to strategize their supply offers. Systematic computational...
Persistent link: https://www.econbiz.de/10004979923
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An Agent-Based Computational Laboratory for Wholesale Power Market Design
Sun, Junjie; Tesfatsion, Leigh S. - Department of Economics, Iowa State University - 2007
This study reports on the model development and open-source implementation (in Java) of an agent-based computational wholesale power market organized in accordance with core FERC-recommended design features and operating over a realistically rendered transmission grid subject to congestion...
Persistent link: https://www.econbiz.de/10004979927
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The Role of Managerial Work in Market Performance: A Monopoly Model with Team Production
Hildenbrand, Andreas; Duran, Mihael - Volkswirtschaftliche Fakultät, … - 2014
A monopolist is treated as a nexus of contracts with team production. It has one owner-manager who is the employer of two employees. A team production problem is present if the employer is a “managerial lemon.” If the team production problem is solved, the employer is a “managerial...
Persistent link: https://www.econbiz.de/10011109901
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Strategies and evaluating strategic choices of firms and consumers
Larsen, Huric; Fredborg, Jesper - Volkswirtschaftliche Fakultät, … - 2014
constraints based in Game Theory. …
Persistent link: https://www.econbiz.de/10011112162
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A note on networks collaboration in multi-market oligopolies
Billand, Pascal; Bravard, Christophe; Chakrabarti, Subhadip - Département Sciences Sociales, Agriculture et … - 2014
In this note, we extend the Goyal and Joshi’s model of collaboration networks in oligopoly to multi-market situations. We examine the incentive of firms to form links and the architectures of the resulting equilibrium networks in this setting. We then present some results on efficient...
Persistent link: https://www.econbiz.de/10011204293
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Venture capitalists, asymmetric information and ownership in the innovation process
Fabrizi, Simona (contributor) - 2008
In this paper we construct a model in which entrepreneurial innovations are sold into oligopolistic industries and where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as exacerbated development by better-informed venture-backed...
Persistent link: https://www.econbiz.de/10003774795
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Foreign Direct Investment With Host Country Market Structures and Policy Implications
Nakamura, Masao - 2018
In this paper, we consider models that describe foreign firms' and host countries' decisions on foreign direct investment (FDI) when host country product markets are characterized by certain types of market structures. We show that, under certain conditions, the host country and foreign parent...
Persistent link: https://www.econbiz.de/10012926115
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Behavior in Group Contests : A Review of Experimental Research
Sheremeta, Roman M. - 2015
incentive to abstain from expending any effort and instead free-ride on the efforts of other members. Contest theory shows that … relative to the theory. We discuss potential explanations for such over-expenditure, including the utility of winning, bounded … support for the comparative statics predictions of the theory (with the exception of the “group size paradox”). Finally …
Persistent link: https://www.econbiz.de/10013013877
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Venture Capitalists, Asymmetric Information, and Ownership in the Innovation Process
Fabrizi, Simona - 2009
In this paper we construct a model in which entrepreneurial innovations are sold into oligopolistic industries and where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as exacerbated development by better-informed venture-backed...
Persistent link: https://www.econbiz.de/10012719493