Results 81 to 90 of about 1,223 (219)
Poincaré-Bendixson Limit Sets in Multi-Agent Learning
, 2022 A key challenge of evolutionary game theory and multi-agent learning is to characterize the limit behavior of game dynamics. Whereas convergence is often a property of learning algorithms in games satisfying a particular reward structure (e.g., zero-sum ...
Piliouras, Georgios (author) +1 more
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American Journal of Political Science, EarlyView.Abstract Water is essential for human life, yet governments frequently leave vulnerable citizens to rely on informal channels for access. What can motivate governments to provide public services such as water to citizens trapped in informality?
Nikhar Gaikwad, Anjali Thomas
wiley +1 more source
Is free trade good for renewable resources? Brander and Taylor redux
Canadian Journal of Economics/Revue canadienne d'économique, EarlyView.Abstract This paper generalizes the original Brander and Taylor model of open‐access renewable resource use and trade to address three common critiques. First, I introduce heterogeneity across agents in harvesting productivity to smooth out the model's extreme specialization patterns while maintaining its Ricardian structure and tractability. Second, I
M. Scott Taylor
wiley +1 more source
Implementation, elimination of weakly dominated strategies and evolutionary dynamics [PDF]
This paper is concerned with the realism of mechanisms that implement social choice functions in the traditional sense. Will agents actually play the equilibrium assumed by the analysis? As an example, we study the convergence and stability properties of
Giovanni Ponti, Antonio Cabrales
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Trade policy uncertainty, organization of firms, and the form of international trade
Canadian Journal of Economics/Revue canadienne d'économique, EarlyView.Abstract This paper investigates the hypothesis that lower trade policy uncertainty (TPU) reduces the share of intrafirm trade in total trade. A significant change in US‐China TPU occurred in 2001 when China joined the WTO, providing a natural experiment to test this hypothesis.
Felix Fosu
wiley +1 more source
A ninny, an idiot and an economic theorist
Economica, EarlyView.Abstract Anton Chekhov's story ‘The ninny’ meets the question: ‘What is the meaning of economic theory?’
Ariel Rubinstein
wiley +1 more source
A simple axiomatics of dynamic play in repeated games
This paper proposes an axiomatic approach to study two-player infinitely repeated games. A solution is a correspondence that maps the set of stage games into the set of infinite sequences of action profiles.
Mathevet, Laurent
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A Continuous Model of Multilateral Bargaining with Random Arrival Times [PDF]
This paper proposes a continuous-time model framework of bargaining, which is analytically tractable even in complex situations like coalitional bargaining.
Attila Ambrus, Shih En Lu
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Economica, EarlyView.Abstract I argue that economists' distinction between ‘pure’ and ‘applied’ economic theory is often based on papers' stylistic markers rather than their methodology or scope. I illustrate this point with a model of price competition for boundedly rational consumers, due to Piccione and Spiegler. I first present its original, ‘pure style’ version.
Ran Spiegler
wiley +1 more source
Asymmetric sanctions and corruption: Theory and practice in China
Economic Inquiry, EarlyView.Abstract Asymmetric punishment of partners in crime, intended to incentivize whistle‐blowing, may increase detection and deterrence. The idea is age‐old but its use against corruption is not frequent. We study a 1997 Chinese reform that strengthened such asymmetries for some forms of bribery.
Maria Perrotta Berlin +3 more
wiley +1 more source