Results 81 to 90 of about 2,154,790 (237)
Privatization Under Political Ties
The Journal of Industrial Economics, EarlyView.ABSTRACT I study a product differentiation model with endogenous entry where a politically connected public firm competes with a private one. Consumers are heterogeneous in their willingness to pay. I argue that—because of political ties—the public firm may mimic the preferences of the consumer with the median willingness to pay.
Matteo Broso
wiley +1 more source
Correlated Nash Equilibrium [PDF]
Nash equilibrium presumes that players have expected utility preferences, and therefore the beliefs of each player are represented by a probability measure.
Kin Chung Lo
core
Nash Equilibrium in Rent-Seeking Games with Endogenous Rent [PDF]
, 1999 We formulate one-stage and two-stage rent seeking games with endogenously determined rent. Under reasonable assumptions, both games have a unique pure Nash equilibrium.
オクグチ, コウジ +2 more
core
Welfare implications of fair and accountable insurance pricing
Journal of Risk and Insurance, EarlyView.Abstract This paper introduces an empirical framework to evaluate the welfare implications of fair and accountable insurance pricing by modeling the complete pricing process, including demand and price optimization. Moving beyond traditional cost modeling, we analyze both discrimination‐related fairness criteria and broader regulatory constraints, such
Fei Huang, Hajime Shimao
wiley +1 more source
Network Topology and Equilibrium Existence in Weighted Network Congestion Games [PDF]
Every finite noncooperative game can be presented as a weighted network congestion game, and also as a network congestion game with player-specific costs.
Igal Milchtaich
core
Epistemically Robust Strategy Subsets
Games, 2016 We define a concept of epistemic robustness in the context of an epistemic model of a finite normal-form game where a player type corresponds to a belief over the profiles of opponent strategies and types.
Geir B. Asheim +2 more
doaj +1 more source
Contingent capital: A tale of two valuations
Journal of Risk and Insurance, EarlyView.Abstract This study investigates the valuation gap between buyers and sellers of insurers' contingent capital, driven by asymmetric exposures to tax benefits, capital injections, and bankruptcy costs. We develop a novel Twin‐Tree Model with Jumps (TTMJ) that models the insurer's asset value dynamics by incorporating catastrophe risk, insolvency risk ...
Tian‐Shyr Dai +3 more
wiley +1 more source
On the existence of Nash equilibrium in electoral competition [PDF]
This paper generalizes previous existence results on unidimensional electoral competition, by extending the traditional two-party electoral game to the case where parties have mixed motivations, in the sense that they are interested in winning the ...
Alejandro Saporiti
core
Firms' Payoffs in a Bertrand‐Edgeworth Game Under Triopoly
Metroeconomica, EarlyView.ABSTRACT This paper studies Bertrand‐Edgeworth competition among firms producing a homogeneous commodity under efficient rationing and constant (and identical across firms) marginal cost until full capacity utilization is reached. The focus is on the equilibrium payoffs under triopoly when the demand function is defined on the set of the non‐negative ...
Massimo A. De Francesco, Neri Salvadori
wiley +1 more source
On the Existence of Pure Strategy Nash Equilibria in Integer-Splittable Weighted Congestion Games
, 2011 We study the existence of pure strategy Nash equilibria (PSNE) in integer–splittable weighted congestion games (ISWCGs), where agents can strategically assign different amounts of demand to different resources, but must distribute this demand in fixed ...
Polukarov, Maria +9 more
core +1 more source