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Strategic Equilibrium of Tariffs and General Equilibrium
Econometrica, 1980We construct a general equilibrium model of international trade where each government agent has a system of tariffs as his strategic variables. Our general equilibrium model follows recent contributions allowing incompleteness and intransitivity of consumer preferences.
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Perfect Bayesian equilibrium and sequential equilibrium
Journal of Economic Theory, 1991zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Fudenberg, Drew, Tirole, Jean
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The Quarterly Journal of Economics, 1986
The oft-encountered empirical regularity that the objective probability of winning exceeds the subjective one for favorites, with the reverse being true for long shots, is a natural consequence of requiring to hold in the betting market with risk-loving bettors. In fact, the empirical regularity is a necessary condition for equilibrium, although it may
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The oft-encountered empirical regularity that the objective probability of winning exceeds the subjective one for favorites, with the reverse being true for long shots, is a natural consequence of requiring to hold in the betting market with risk-loving bettors. In fact, the empirical regularity is a necessary condition for equilibrium, although it may
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Correlated equilibrium and sunspot equilibrium
Economic Theory, 1995zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Forges, Françoise, Peck, James
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International Journal of Game Theory, 2008
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Relativistic Fluid Dynamics in and out of Equilibrium
, 2017Ten years ago, relativistic viscous fluid dynamics was formulated from first principles in an effective field theory framework, based entirely on the knowledge of symmetries and long-lived degrees of freedom.
P. Romatschke, U. Romatschke
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Scandinavian Journal of Economics, 2010
Summary: Consider a game whose strategies are ``contributions''. A strategy profile is a Kantian equilibrium if no player would like all players to alter their contributions by the same multiplicative factor. Kantian equilibria are Pareto efficient.
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Summary: Consider a game whose strategies are ``contributions''. A strategy profile is a Kantian equilibrium if no player would like all players to alter their contributions by the same multiplicative factor. Kantian equilibria are Pareto efficient.
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Equilibrium Problems with Equilibrium Constraints
2012The previous chapter presented mathematical programs for solving leaderfollower (Stackelberg) games when a single leader correctly anticipates the equilibrium reaction of followers, who in turn naively believe that the leader’s decisions are exogenous and fixed.
Steven A. Gabriel +4 more
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International Joint Conference on Autonomous Agents and Multiagent Systems, 2010
We propose a new equilibrium concept, perfect cooperative equilibrium (PCE), which may help explain players' behavior in games where cooperation is observed in practice. We also consider a few related equilibrium concepts that take into account the degree of cooperation.
Joseph Y. Halpern, Nan Rong
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We propose a new equilibrium concept, perfect cooperative equilibrium (PCE), which may help explain players' behavior in games where cooperation is observed in practice. We also consider a few related equilibrium concepts that take into account the degree of cooperation.
Joseph Y. Halpern, Nan Rong
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Games and Economic Behavior, 2004
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