In order to prevent batters from hitting a pitch, pitchers must decide on a strategic balance of many different pitch types. While each pitcher has preferred pitches (likely those with which he is most confident), he cannot over-utilize his dominant pitches, or batters will be able to gain a...

In the game of rock-paper-scissors with three players, this paper identifies conditions for a correlated equilibrium that differs from the mixed strategy Nash equilibrium and is evolutionarily stable. For this to occur, the correlation device attaches more probability to three-way ties and...

The institutional features of the WTO motivate the use of renegotiation proofness as an equilibrium concept in repeated tariff-setting games. We show existence of a renegotiation-proof equilibrium that reduces tariffs below the noncooperative level. We find that the one-shot Nash equilibrium...

This paper characterizes an equilibrium payoff subset for dynamic Bayesian games as discounting vanishes. Monitoring is imperfect, transitions may depend on actions, types may be correlated and values may be interdependent. The focus is on equilibria in which players report truthfully. The...

We propose a novel method to find Nash equilibria in games with binary decision variables by including compensation payments and incentive-compatibility constraints from non-cooperative game theory directly into an optimization framework in lieu of using first order conditions of a...

This research states the stylised n (more than two) players' splitting problem as a mathematical programme, relying on definitions of the values of the game and problem stationarity to generate tractable reduced forms, and derives the known solutions according to the properties of pertaining...

The main objects here are Nash equilibria in spatial Cournot oligopolies when profits depend on coordinated distribution. Production is non-cooperative, but the subsequent transportation must be performed jointly to minimize costs. Cournot-Nash equilibria for this two-stage game with partial...

The paper investigates newsvendor problem for a dyadic supply chain in which both the supplier and the retailer are concerned with fairness. Nash bargaining solution is introduced as the fairness reference point and equilibrium results are derived. The effects of fairness concerns on optimal...

This paper discusses how a manufacturer and its retailers interact with each other to optimize their product marketing strategies, platform product configuration and inventory policies in a VMI (Vendor Managed Inventory) supply chain. The manufacturer procures raw materials from multiple...

This paper studies models where the optimal response functions under consideration are non-increasing in endogenous variables, and weakly increasing in exogenous parameters. Such models include games with strategic substitutes, and include cases where additionally, some variables may be...