The equivalence of markets and games concerns the relationship between two sorts of structures that appear … fundamentally different -- markets and games. Shapley and Shubik (1969) demonstrates that: (1) games derived from markets with … concave utility functions generate totally balanced games where the players in the game are the participants in the economy …

The equivalence of markets and games concerns the relationship between two sorts of structures that appear … fundamentally different -- markets and games. Shapley and Shubik (1969) demonstrates that: (1) games derived from markets with … concave utility functions generate totally balanced games where the players in the game are the participants in the economy …

We incorporate information measures representing knowledge into an evolutionary model of coevolving firms and markets …

markets characterized by growing uncertainty, together with the advent of new competitors, are further complicating the task …

markets characterized by growing uncertainty, together with the advent of new competitors, are further complicating the task …

Does market interaction influence morality? We study a particular angle of this classic question theoretically and … development of morality and prosocial behavior over time, in particular with respect to episodes in history where the nature of …