Results 41 to 50 of about 2,714 (212)
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
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
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Economic Harmony—A Rational Theory of Fairness and Cooperation in Strategic Interactions
Games, 2022 Experimental studies show that the Nash equilibrium and its refinements are poor predictors of behavior in non-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard game ...
Ramzi Suleiman
doaj +1 more source
Theoretical Economics, 2017 Harris, Reny, and Robson (1995) added a public randomization device to dynamic games with almost perfect information to ensure existence of subgame perfect equilibria (SPE). We show that when Nature's moves are atomless in the original game, public randomization does not enlarge the set of SPE payoffs: any SPE obtained using public randomization can be
Barelli, Paulo, Duggan, John
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Cross‐Ownership and Welfare‐Inferior Price Competition with Relative Profit Delegation Contracts
Bulletin of Economic Research, EarlyView.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
A ninny, an idiot and an economic theorist
Economica, EarlyView.Abstract Anton Chekhov's story ‘The ninny’ meets the question: ‘What is the meaning of economic theory?’
Ariel Rubinstein
wiley +1 more source
Resource Competition in Blockchain Networks Under Cloud and Device Enabled Participation
IEEE Access, 2022 Blockchain technology is a promising resource management architecture due to its ability of building trust in a decentralized transaction. Block mining participants, i.e. miners, are incentivized with reward for successfully mining blocks. Unfortunately,
Yuxiang Liang +3 more
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Economica, EarlyView.Abstract I argue that economists' distinction between ‘pure’ and ‘applied’ economic theory is often based on papers' stylistic markers rather than their methodology or scope. I illustrate this point with a model of price competition for boundedly rational consumers, due to Piccione and Spiegler. I first present its original, ‘pure style’ version.
Ran Spiegler
wiley +1 more source
FogCom:SDN-enabled fog node selection for early detection of communicable diseases
Journal of King Saud University: Computer and Information Sciences, 2023 A communicable illness is one that spreads from person to person by a number of means, including contact with blood and body fluids, inhaling an airborne virus, or being bitten by an insect.
Joy Lal Sarkar +8 more
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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
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