Results 121 to 130 of about 3,043,182 (218)
Evolutionary stability and Nash equilibrium in finite populations, with an application to price competition [PDF]
Schaffer (1988) proposed a concept of evolutionary stability for finite-population models that has interesting implications in economic models of evolutionary learning, since it is related to perfectly competitive equilibrium.
Ana B. Ania
core
Deepening the real options debate: Real options as dynamic optimization
Abstract Research Summary Is real option theory useful for management research? This topic was hotly debated two decades ago. Real options were said to be inapplicable to management research and to lack conceptual distinctiveness. Whereas responses to the claim about the non‐distinctiveness of real options were disparate, the concern about the theory's
Arkadiy V. Sakhartov +2 more
wiley +1 more source
Political Partisanship and State‐Level Bank Efficiency
ABSTRACT We examine the relationship between political partisanship and commercial bank efficiency in the United States from 1972 to 2020, assessing the persistent influence of political affiliations at the state and District of Columbia levels. Bank efficiency scores are estimated using a double‐bootstrap approach, and the analysis is conducted within
Jeremy Eng‐Tuck Cheah +3 more
wiley +1 more source
Unmanned Aerial Vehicle (UAV) swarm attack-defense scenarios have the characteristic of highly dynamic evolution, which consequently brings challenges for the existing decision-making methods.
Mengchu Tian +3 more
doaj +1 more source
Imitation and the emergence of Nash equilibrium play in games with many players [PDF]
We model a learning dynamic in which players imitate and innovate. Of interest is to question whether Nash equilibrium play emerges, and if so, the role that imitation plays in this emergence.
Cartwright, Edward
core
Optimal Fisheries Management Using Transferable Shares of a Convex Tax
ABSTRACT In this paper, we propose a fishery control scheme that happens to be first best in the context of a Gordon‐Schaefer model with asymmetric information about effort/harvesting costs. It is widely acknowledged that in the absence of regulations, competition between vessels leads to a competitive game wherein the outcome is inefficient.
Helge Berglann +2 more
wiley +1 more source
THE ROBUSTNESS OF EQUILIBRIUM ANALYSIS: THE CASE OF UNDOMINATED NASH EQUILIBRIUM [PDF]
I consider a strategic game form with a finite set of payoff states and employ undominated Nash equilibrium (UNE) as a solution concept under complete information. I propose notions of the proximity of information according to which the continuity of UNE
Takashi Kunimoto
core
Migrant Smuggling to Europe: A Two‐Sector Model With Directed Search
ABSTRACT In the last decade, combating migrant smuggling has emerged as a top priority for the European Union (EU). An idiosyncratic feature of this market is its dual supply‐side organization, comprising a small number of criminal cartels and a large mass of self‐employed smugglers.
Claire Naiditch, Radu Vranceanu
wiley +1 more source
Fall back equilibrium is a refinement of the Nash equilibrium concept. In the underly- ing thought experiment each player faces the possibility that, after all players decided on their action, his chosen action turns out to be blocked.
Borm, P.E.M. +2 more
core
An outcome in a noncooperative game is said to be self-enforcing, or a strategic equilibrium, if, whenever it is recommended to the players, no player has an incentive to deviate from it.This paper gives an overview of the concepts that have been ...
Damme, E.E.C. van
core

