Results 91 to 100 of about 18,680 (218)

Trade through endogenous intermediaries [PDF]

We apply an intermediation game of Townsend (1983) to analyze trade in an exchange economy through endogenous intermediaries. In this game, each trader has the opportunity to become an intermediary by oering to buy or sell unlimited quantities of the ...
Kilenthong, Weerachart, Qin, Cheng-Zhong
core   +1 more source

Perfect Regular Equilibrium [PDF]

We propose a revised version of the perfect Bayesian equilibrium in general multi-period games with observed actions. In finite games, perfect Bayesian equilibria are weakly consistent and subgame perfect Nash equilibria.
hanjoon michael, jung/j
core   +1 more source

Addressing Daigou from the Perspective of Channel Competition: Strategy for Retail Management

Mathematics
In 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, Rachael Kwai Fun Ip, Pak Hou Che   +2 more
doaj   +1 more source

Subgame Perfect Correlated Equilibria in Repeated Games [PDF]

Subgame Perfect Correlated Equilibria in Repeated Games by Pavlo Prokopovych and Lones Smith ABSTRACT This paper investigates discounted infinitely repeated games with observable actions extended with an extensive form correlation device.
Lones Smith, Pavlo Prokopovych
core  

Continuous-Time Games of Timing [PDF]

We address the question of existence of equilibrium in general timing games of complete information. Under weak assumptions, any two-player timing game has a subgame perfect e-equilibrium, for each e > 0. This result is tight.
Eilon, SOLAN, Nicolas, VIEILLE, Rida, LARAKI   +2 more
core  

Learning to Perfect Manipulation: Implications for Fertility, Savings, and Old-Age Social Security [PDF]

In this paper we consider an overlapping gnerations model with endogenous fertility and two-sided altruism and show the limitations of applying commonly used open loop Nash equilibrium in characterizing equilibrium transfers from parents to children in ...
Lakshmi K Raut
core  

Student of Games: A unified learning algorithm for both perfect and imperfect information games. [PDF]

Sci Adv, 2023
Schmid M, Moravčík M, Burch N, Kadlec R, Davidson J, Waugh K, Bard N, Timbers F, Lanctot M, Holland GZ, Davoodi E, Christianson A, Bowling M.   +12 more
europepmc   +1 more source

Cournot-Walras Equilibrium as a Subgame Perfect Equilibrium [PDF]

In this paper, we investigate the problem of the strategic foundation of the Cournot-Walras equilibrium approach. To this end, we respecify a'la Cournot-Walras the mixed version of a model of simultaneous, noncooperative exchange, originally proposed by ...
Busetto, Francesca, Codognato, Giulio, Ghosal, Sayantan   +2 more
core  

Nonmarket Valuation by Contests Under Two American Rules: A Game-Theoretic Analysis

Games
Herein, 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

Monotone Games with Positive Spillovers [PDF]

monotone games; positive spillovers; efficiency; subgame perfect equilibrium; voluntary contribution ...
Gale, Douglas
core