Results 31 to 40 of about 389 (176)
Exploring the Gap between Perfect Bayesian Equilibrium and Sequential Equilibrium
Games, 2016 In (Bonanno, 2013), a solution concept for extensive-form games, called perfect Bayesian equilibrium (PBE), was introduced and shown to be a strict refinement of subgame-perfect equilibrium; it was also shown that, in turn, sequential equilibrium (SE) is
Giacomo Bonanno
doaj +1 more source
The Complexity of Subgame Perfect Equilibria in Quantitative Reachability Games [PDF]
Logical Methods in Computer Science, 2020 We study multiplayer quantitative reachability games played on a finite directed graph, where the objective of each player is to reach his target set of vertices as quickly as possible.
Thomas Brihaye +4 more
doaj +1 more source
Simulation of the Stackelberg–Hotelling Game
GamesThis work studies the Hotelling game with sequential choice of prices, that is, the Stackelberg–Hotelling (SHOT) game. The game is studied through numerical simulation, which provides the subgame perfect equilibrium solution not only in the unrestricted ...
Luis Garcia-Perez +3 more
doaj +1 more source
R&D Organization and Corporate Social Responsibility Specialization
Managerial and Decision Economics, EarlyView.ABSTRACT In this paper, we examine whether the scope of corporate social responsibility (CSR) should be broad or narrow. A broad scope covers both production and R&D investment decisions, while a narrow scope applies only to production decisions. We show that both firms' choices and the government's preferences depend on the level of CSR concern and on
Quan Dong +2 more
wiley +1 more source
Stationary Markov Equilibrium Strategies in Asynchronous Stochastic Games: Existence and Computation
AlgorithmsWe study Asynchronous Dynamic games and show that in games with a finite state space and finite action sets, one can obtain the pure strategy Markov perfect equilibrium by using a simple backward induction method when the time period for the game is ...
Subir. K. Chakrabarti +2 more
doaj +1 more source
Are Start‐Up Acquisitions by Dominant Firms Driving Innovation or Killing Competition?
Managerial and Decision Economics, EarlyView.ABSTRACT This paper develops a sequential model to examine start‐up acquisitions in markets with network externalities, incorporating a pre‐entry strategic buyout option that allows the incumbent to integrate the start‐up's innovation, followed by post‐entry expenditure on coordination advertising, and defensive pricing strategies.
Adele Whelan, Kate Hynes
wiley +1 more source
A Multiperiod Equilibrium Pricing Model
Journal of Applied Mathematics, 2014 We propose an equilibrium pricing model in a dynamic multiperiod stochastic framework with uncertain income. There are one tradable risky asset (stock/commodity), one nontradable underlying (temperature), and also a contingent claim (weather derivative ...
Minsuk Kwak +2 more
doaj +1 more source
An Approximate Subgame-Perfect Equilibrium Computation Technique for Repeated Games
Proceedings of the AAAI Conference on Artificial Intelligence, 2010 This paper presents a technique for approximating, up to any precision, the set of subgame-perfect equilibria (SPE) in repeated games with discounting. The process starts with a single hypercube approximation of the set of SPE payoff profiles. Then the initial hypercube is gradually partitioned on to a set of smaller adjacent hypercubes,
Andriy Burkov, Brahim Chaib-draa
openaire +2 more sources
A Test of the Coase Conjecture Using Prices of Electronic Books
Southern Economic Journal, EarlyView.ABSTRACT The Coase Conjecture predicts that a durable‐goods monopolist without commitment will rapidly cut price toward marginal cost. We test this prediction in the electronic‐book market using release‐day prices. To proxy for marginal cost, we use competitive prices of public‐domain electronic books on the same platforms.
Tim Groseclose, Alex Tabarrok
wiley +1 more source
Optimal Portfolio Selection of Mean-Variance Utility with Stochastic Interest Rate
Journal of Function Spaces, 2020 In order to tackle the problem of how investors in financial markets allocate wealth to stochastic interest rate governed by a nested stochastic differential equations (SDEs), this paper employs the Nash equilibrium theory of the subgame perfect ...
Shuang Li +4 more
doaj +1 more source