Showing 61 - 70 of 82,911
We examine the relation between coalition-proof Nash equilibrium (Bernheim et al., 1987) and weakly dominated strategies in games with strategic substitutes (SS) and monotone externalities (ME). We show that in sigma-interactive games with SS and ME, every coalition-proof Nash equilibrium is a...
Persistent link: https://www.econbiz.de/10012861586
We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however, instead of alternating offers, we have simultaneous payoff demands. We focus in the producer game he studies. Each player is chosen with equal probability. If that is the case,...
Persistent link: https://www.econbiz.de/10013019277
This paper brings together analyses of two-way flow Strict Nash networks under exclusive player heterogeneity assumption and exclusive partner heterogeneity assumption. This is achieved through examining how the interactions between these two assumptions influence important properties of Strict...
Persistent link: https://www.econbiz.de/10013022699
This paper is aimed at widening the scope of applications of majorized correspondences. A new class of majorized correspondences -- domain U-majorized correspondences -- is introduced. For them, a maximal element existence theorem is established. Then, sufficient conditions for the existence of...
Persistent link: https://www.econbiz.de/10013044330
We consider a general-sum N-player linear-quadratic game with stochastic dynamics over a finite horizon and prove the global convergence of the natural policy gradient method to the Nash equilibrium. In order to prove convergence of the method we require a certain amount of noise in the system....
Persistent link: https://www.econbiz.de/10013217478
Previous evidence shows that better insurance coverage increases medical expenditure. However, formal studies on the effect of spending on health outcomes, and especially mental health, are lacking. To fill this gap, we reanalyze data from the Rand Health Insurance Experiment and estimate a...
Persistent link: https://www.econbiz.de/10013256653
We consider a nonatomic game whose players have ambiguities over external factors. On top of a player $i$'s own action $a$ and the joint distribution $\delta$ of other players' identities and actions, also influencing the player's return $r$ is a state of the world $\omega$. Knowledge about the...
Persistent link: https://www.econbiz.de/10013293407
Recently Yang and Qi (2013) stated an interesting theorem on existence of complete lattice of equilibria in a particular class of large nonatomic supermodular games for general action and players spaces. Unfortunately, their result is incorrect. In this note, we detail the nature of the problem...
Persistent link: https://www.econbiz.de/10013032646
We study nonatomic games in which players' choices are guided by general preferences. Rather than ones over actions while also under influences of player-action profiles, we let the preferences be over returns received by individual players and let the returns be then linked to all players'...
Persistent link: https://www.econbiz.de/10013246016
In the context of anonymous games (i.e., games where the payoff of a player is, apart from his/her own action, determined by the distribution of the actions made by the other players), we present a model in which, generically (in a precise sense), finite‐player games have strict pure strategy...
Persistent link: https://www.econbiz.de/10012806369