Results 61 to 70 of about 1,223 (172)
Coresidence: How parental characteristics matter
Abstract Coresidence in the parental home is known to depend on young adult characteristics and market conditions, but there is more limited knowledge on whether or how parental characteristics matter. We model the coresidence outcome as a multigenerational joint optimization decision and use Panel Study of Income Dynamics data to examine the ...
Arthur Acolin +2 more
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 +2 more sources
Cooperation and Managerial Delegation in Duopoly Revisited
ABSTRACT This paper shows that the cooperative game with managerial delegation (in both the Cournot and Bertrand settings) and the Bertrand benchmark game (without delegation or cooperation) are equivalent in duopoly. The cooperative solution may be the equilibrium of the game, and this outcome can be beneficial for consumer surplus and welfare when ...
José A. Novo‐Peteiro
wiley +1 more source
Bank Capital and Misconduct Incentives
ABSTRACT This paper studies large banks' incentives to engage in misconduct by abusing their dominant position in the market for loans and by mis‐selling an add‐on financial product to depositors. We draw new connections between stability‐focused prudential regulation and misconduct by studying the impact of higher capital requirements on misconduct ...
Jacob Seifert
wiley +1 more source
Buyer Power and the Effect of Vertical Integration on Innovation
ABSTRACT Our article investigates the impact of vertical integration (without foreclosure) on innovation. We compare cases where either (i) two manufacturers or (ii) a manufacturer and a vertically integrated retailer invest. Then, the independent manufacturer(s) and the retailer bargain over nonlinear contracts before selling to consumers.
Claire Chambolle, Morgane Guignard
wiley +1 more source
Observable implications of Nash and subgame-perfect behavior in extensive games [PDF]
We provide necessary and sufficient conditions for observed outcomes in extensive game forms, in which preferences are unobserved, to be rationalized first, partially, as a Nash equilibrium and then, fully, as the unique subgame-perfect equilibrium. Thus,
Indrajit Ray, Susan Snyder
core
Serial Investing and Strategic Commitment in Markets With Unknown Competitors
ABSTRACT We study how serial investors who regularly face unknown competitors attempt to make their projects dominant. Innovating in new markets often involves uncertainty over the nature of the final product and who the key competitors will be. Such projects also have long‐term funding needs, so a commitment to provide the necessary funds imparts a ...
Naveen Khanna, Richmond Mathews
wiley +1 more source
ABSTRACT We propose a tractable model of asymmetric platform oligopoly with logit demand in which users from two distinct groups are subject to within‐group and cross‐group network effects and decide which platform to join. We characterize the equilibrium when platforms manage user access by setting participation fees for each user group.
Martin Peitz, Susumu Sato
wiley +1 more source
Driver’s lane selection model based on multi-player dynamic game
With a view to the background of Internet of Things, the vehicle group situation, especially the propensity of different drivers, and the corresponding vehicle types were given a comprehensive consideration on the basis of the factors which influence ...
Xiao-yuan Wang +5 more
doaj +1 more source
A New Solution Concept for the Ultimatum Game leading to the Golden Ratio
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

