Cross‐Ownership and Welfare‐Inferior Price Competition with Relative Profit Delegation Contracts
Bulletin of Economic Research, Volume 78, Issue 3, Page 559-572, July 2026.ABSTRACT We consider management reward contracts based on relative profit performance under cross‐ownership and find nonequivalence of price and quantity competition. We also examine an endogenous choice of competition mode under unilateral cross‐ownership and show that the welfare‐inferior price competition can appear unless the product's ...
Mingqing Xing, Sang‐Ho Lee
wiley +1 more source
Resource Management Framework Based on the Stackelberg Game in Vehicular Edge Computing
Complexity, 2020 With the emergence and development of the Internet of Vehicles (IoV), quick response time and ultralow delay are required. Cloud computing services are unfavorable for reducing delay and response time.
Guang-Shun Li +5 more
doaj +1 more source
Consistent Beliefs in Extensive Form Games
Games, 2010 We introduce consistency of beliefs in the space of hierarchies of conditional beliefs (Battigalli and Siniscalchi) and use it to provide epistemic conditions for equilibria in finite multi-stage games with observed actions.
Paulo Barelli
doaj +1 more source
On refinements of subgame perfect ϵ-equilibrium
International Journal of Game Theory, 2016 The concept of subgame perfect -equilibrium (-SPE), where is an error-term, has in recent years emerged as a prominent solution concept for perfect information games of infinite duration. We propose two refinements of this concept: continuity -SPE and -tolerance equilibrium.
Flesch, Janos, Predtetchinski, Arkadi
openaire +1 more source
A Multi-Step Model for Pie Cutting with Random Offers
MathematicsThe problem of dividing a pie between two persons is considered. An arbitration procedure for dividing the pie is proposed, in which the arbitrator is a random number generator. In this procedure, the arbitrator makes an offer to the players at each step,
Vladimir Mazalov, Vladimir Yashin
doaj +1 more source
Subgame Perfect Nash Equilibrium for Dynamic Pricing Competition with Finite Planning Horizon
SSRN Electronic Journal, 2022 Having fixed capacities, homogeneous products and price sensitive customer purchase decision are primary distinguishing characteristics of numerous revenue management systems. Even with two or three rivals, competition is still highly fierce. This paper studies sub-game perfect Nash equilibrium of a price competition in an oligopoly market with ...
openaire +2 more sources
Addressing Daigou from the Perspective of Channel Competition: Strategy for Retail Management
MathematicsIn China’s on-demand service platforms, daigou agents utilize locational differences through proxy purchasing. Daigou creates an informal supply chain that directly competes with official channels.
Keqin Chang +2 more
doaj +1 more source
Nonmarket Valuation by Contests Under Two American Rules: A Game-Theoretic Analysis
GamesHerein, we further examine how we can value nonmarket goods and services by considering the costs associated with environmental conflicts. Focusing on two American rules—the asymmetric reimbursement system and the contingent fee contract—we develop a ...
Sung-Hoon Park, Jason F. Shogren
doaj +1 more source
A New Solution Concept for the Ultimatum Game leading to the Golden Ratio
Scientific Reports, 2017 The Ultimatum Game is a paradigmatic two-player game. A proposer can offer a certain fraction of some valuable good. A responder can accept the offer or reject it, implying that the two players receive nothing.
Stefan Schuster
doaj +1 more source
Student of Games: A unified learning algorithm for both perfect and imperfect information games. [PDF]
Sci Adv, 2023 Schmid M +12 more
europepmc +1 more source