Results 61 to 70 of about 2,716 (210)
Two-Player Location Game in a Closed-Loop Market with Quantity Competition
This paper considers the two-player location game in a closed-loop market with quantity competition. Based on the Cournot and Hotelling models, a circle model is established for a closed-loop market in which two players (firms) play a location game under
Xiaofeng Chen +2 more
doaj +1 more source
Employee Fraud and the Statute of Limitations in a Search and Matching Model
ABSTRACT This paper integrates employee fraud into a Mortensen‐Pissarides search and matching model to analyze labor market dynamics under imperfect legal enforcement. We introduce a time‐dependent punishment structure where the offender's effective liability is governed by the statute of limitations. We characterize both short‐ and long‐run equilibria,
Mauricio Benegas, José Freire Júnior
wiley +1 more source
ABSTRACT This study considers consumers' environmental awareness of polluting firms' managerial delegation contracts and compares the effects of committed and time‐consistent emission tax policies. It reveals that when environmental performance (EP) incentives prevail, sales performance (SP) incentives depend on the emission tax type and competition ...
Lili Xu, Yuntong Yin, Sang‐Ho Lee
wiley +1 more source
Biased News Media and the Swing Voter's Decision in Repeated Games
ABSTRACT We consider a monopolistic, biased news media platform that attempts to influence the decision of swing voters with cheap talk when voting is costly and abstaining is an option. First, we demonstrate that, while no fully communicative equilibrium exists in a stage game, a partially truth‐revealing mixed‐strategy equilibrium exists.
Jooyong Jun, Jeong‐Yoo Kim
wiley +1 more source
The Subgame-Perfect Core [PDF]
We propose a cooperative solution concept for general extensive games that can improve upon subgame-perfect Nash equilibrium. This new concept, which we label the subgame-perfect core, is a refinement of the core of the extensive game in the same sense ...
Wooders, Myrna, Chander, Parkash
core +3 more sources
To deal with resource allocation in heterogeneous wireless networks,an algorithm based on multi-leader multi-follower Stackelberg games model was proposed to satisfy optimal utility of both operators and mobile users.The mobile user’s utility function ...
Yong JIANG, Shan-zhi CHEN, Bo HU
doaj +2 more sources
Comparison Between Seller and Buyer Pricing Systems for Energy Trading in Microgrids
In this paper, two systems for energy trading among energy prosumers are proposed: a buyer-pricing-system (BPS), in which buyers determine the price of energy and a seller-pricing-system (SPS) in which sellers determine the price of energy.
Sohee Bae, Sangdon Park
doaj +1 more source
Endogenous Institution Formation for Public Good Provision
ABSTRACT We revisit an existing framework of endogenous institution formation for public good provision, incorporating heterogeneous players to address the question, “Who joins an institution that sanctions only its members to provide a public good?” We analyze two models with different sources of heterogeneity.
Daehong Min, Doojin Ryu
wiley +1 more source
Critical Discount Factor Values in Discounted Supergames
This paper examines the subgame-perfect equilibria in symmetric 2×2 supergames. We solve the smallest discount factor value for which the players obtain all the feasible and individually rational payoffs as equilibrium payoffs.
Kimmo Berg, Markus Kärki
doaj +1 more source
ABSTRACT This study considers mutual outsourcing firms in a vertically related market and examines their strategic adoption of environmental corporate social responsibility (ECSR) activities. We demonstrate that ECSR adoption reduces mutual outsourcing firms' profits, resulting in a prisoner's dilemma situation, but enhances welfare regardless of ...
Lili Xu, Xinying Fan, Sang‐Ho Lee
wiley +1 more source

