Results 81 to 90 of about 73,357 (196)
The Supercore for Normal Form Games [PDF]
We study the supercore of a system derived from a normal form game. For the case of a finite game with pure strategies, we define a sequence of games and show that the supercore of that system coincides with the set of Nash equilibrium strategy profiles ...
Iñarra García, María Elena +2 more
core
Bertrand-Edgeworth markets with increasing marginal costs and voluntary trading: Experimental evidence [PDF]
, 2016 Price competition with increasing marginal costs, though relevant for many markets, appears as an under-researched field in the experimental oligopoly literature. We provide results from an experiment that varies the number of firms as well as the demand
Jacobs, Martin, Requate, Till
core
Evidence Gathering Under Competitive and Noncompetitive Rewards
Journal of Economics &Management Strategy, EarlyView.ABSTRACT Reward schemes may affect not only agents' effort but also their incentives to gather information in order to reduce the riskiness of the productive activity. In a laboratory experiment using a novel task, we find that the relationship between incentives and evidence gathering depends critically on the availability of information about peers ...
Philip Brookins +2 more
wiley +1 more source
Tariffs and Foreign Direct Investment in a Dynamic North–South Model
Journal of Money, Credit and Banking, EarlyView.Abstract This paper examines how import tariffs by a developed country (the North) and a developing country (the South) affect innovation and foreign direct investment (FDI) using a quality ladder model. We show that a Northern import tariff raises the relative wage of Northern labor, but impedes innovation and FDI. This may worsen Northern welfare. By
TATSURO IWAISAKO, HITOSHI TANAKA
wiley +1 more source
African Evaluation Journal, 2017 Background: In Nigeria, there is a plethora of evaluators found in the over 90 universities, specialised educational institutions and private research organisations.
Denis Jobin, Zachary Lawal
doaj +1 more source
Equilibrium Solution in a Game between a Cooperative and its Members [PDF]
In the paper a game-theoretical model is set up to describe the conflict situation in which the members of a marketing cooperative may take advantage of an external market price, higher than that offered by the cooperative.
Antonino Scarelli +3 more
core +1 more source
Payoff Performance of Fictitious Play
, 2014 We investigate how well continuous-time fictitious play in two-player games performs in terms of average payoff, particularly compared to Nash equilibrium payoff. We show that in many games, fictitious play outperforms Nash equilibrium on average or even
Ostrovski, Georg, van Strien, Sebastian
core +1 more source
The Journal of Finance, EarlyView.ABSTRACT We develop a unified theory of blockholder governance and the voting premium in a setting without takeovers or controlling shareholders. A voting premium emerges when a minority blockholder can influence shareholder composition by accumulating votes and buying shares from dissenting shareholders.
DORON LEVIT, NADYA MALENKO, ERNST MAUG
wiley +1 more source
Innovation, Licensing, and Competition: Evidence From Genetically Engineered Crops
The Journal of Industrial Economics, EarlyView.ABSTRACT We provide a novel empirical analysis of the role of technology licensing, between competitors, for genetically engineered (GE) traits in the US seed industry. We extend the standard differentiated‐product Bertrand pricing model to include trait licensing, which permits us to recover marginal costs and (otherwise unobserved) royalty rates ...
GianCarlo Moschini, Edward D. Perry
wiley +1 more source
Sophisticated Players and Sophisticated Agents [PDF]
A sophisticated player is an individual who takes the action of the opponents, in a strategic situation, as determined by decision of rational opponents, and acts accordingly. A sophisticated agent is rational in the choice of his action, but ignores the
Rustichini, A.
core +1 more source