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We build a subgame perfect Nash equilibrium of a common property productive asset oligopoly. We derive two surprising …
Persistent link: https://www.econbiz.de/10008671562
This paper examines a dynamic game of exploitation of a common pool of some renewable asset by agents that sell the result of their exploitation on an oligopolistic market. A Markov Perfect Nash Equilibrium of the game is used to analyze the effects of a merger of a subset of the agents. We...
Persistent link: https://www.econbiz.de/10011186235
This paper examines a dynamic game of exploitation of a common pool of some renewable asset by agents that sell the result of their exploitation on an oligopolistic market. A Markov Perfect Nash Equilibrium of the game is used to analyze the effects of a merger of a subset of the agents. We...
Persistent link: https://www.econbiz.de/10010883528
Did the recent transition to liberal democracy in Eastern Europe consitute revolutions? Here, game theory is used to …
Persistent link: https://www.econbiz.de/10010616522
In this paper we will describe a class of three-person games and draw general conclusions about non-cooperative behavior in them.
Persistent link: https://www.econbiz.de/10005545586
Persistent link: https://www.econbiz.de/10005545615
In the Contect of Duopoly Theory with Differentiated Products, Economic Theorists Usually Consider the Price As the …
Persistent link: https://www.econbiz.de/10005545721
This paper develops and estimates a game-theoretical model of inflation targeting where the central banker's preferences are asymmetric around the targeted rate.
Persistent link: https://www.econbiz.de/10005346002
Persistent link: https://www.econbiz.de/10005353037
Persistent link: https://www.econbiz.de/10005353086