Results 111 to 120 of about 2,154,790 (237)
Bane or Boon: The Effects of Daigou (Buying on Behalf) in an Open Economy*
Prompted by advancements in technology, particularly affordable or complimentary livestream features on mobile applications, a novel form of international trade—termed ‘daigou’—has emerged. In this practice, individual agents in developed countries (the North) purchase domestically produced goods on behalf of customers in developing countries (the ...
Xuan Nguyen, Chi‐Chur Chao, Hong Hwang
wiley +1 more source
The Incidence of Coarse Certification: Evidence From the ENERGY STAR Program
ABSTRACT A coarse certification provides simple but incomplete information. Its rationale is to help consumers trade off dimensions of quality that are complex and lack salience. In imperfectly competitive markets, it may induce excess bunching at the certification requirement, crowd out quality, and facilitate price discrimination. Who will ultimately
Sébastien Houde
wiley +1 more source
Implementation in Mixed Nash Equilibrium [PDF]
A mechanism implements a social choice correspondence f in mixed Nash equilibrium if at any preference profile, the set of all pure and mixed Nash equilibrium outcomes coincides with the set of f-optimal alternatives at that preference profile.
Claudio Mezzetti, Ludovic Renou
core
RPM and Vertical Integration With Upstream Competition and Noncontractible Efforts
ABSTRACT We study RPM and vertical integration in a common agency setting with two differentiated manufacturers and one retailer, where consumer demand depends on both the manufacturers' and retailer's noncontractible efforts. Under vertical separation, the adoption of maximum RPM by both manufacturers is an equilibrium and intensifies competition ...
Michele Bisceglia +3 more
wiley +1 more source
Game-Theoretic Framework for Coordinating Mixed Traffic for Emergency Vehicle Passage
We address the challenge of coordinating traffic at unsignalized intersections, particularly with an emergency vehicle, by proposing a game-theoretic decision model.
Wei-Xiang Li +3 more
doaj +1 more source
α-Rank: Multi-Agent Evaluation by Evolution
We introduce α-Rank, a principled evolutionary dynamics methodology, for the evaluation and ranking of agents in large-scale multi-agent interactions, grounded in a novel dynamical game-theoretic solution concept called Markov-Conley chains (MCCs).
Shayegan Omidshafiei +9 more
doaj +1 more source
Biased News Media and the Swing Voter's Decision in Repeated Games
ABSTRACT We consider a monopolistic, biased news media platform that attempts to influence the decision of swing voters with cheap talk when voting is costly and abstaining is an option. First, we demonstrate that, while no fully communicative equilibrium exists in a stage game, a partially truth‐revealing mixed‐strategy equilibrium exists.
Jooyong Jun, Jeong‐Yoo Kim
wiley +1 more source
The existence and uniqueness of monotone pure strategy equilibrium in Bayesian games [PDF]
This paper provides a sufficient condition for existence and uniqueness of equilibrium, which is in monotone pure strategies, in games of incomplete information.
Valentinyi, Ãkos, Mason, Robin
core
Demand Aggregators (DAs) are expected to have a continuously increasing impact in the operation of modern electricity markets. Such players tend to concentrate large portfolios of demand-side resources, leading to market power concentration and imperfect
Alireza Khaksari +6 more
doaj +1 more source
ABSTRACT This study considers mutual outsourcing firms in a vertically related market and examines their strategic adoption of environmental corporate social responsibility (ECSR) activities. We demonstrate that ECSR adoption reduces mutual outsourcing firms' profits, resulting in a prisoner's dilemma situation, but enhances welfare regardless of ...
Lili Xu, Xinying Fan, Sang‐Ho Lee
wiley +1 more source

