Showing 1 - 6 of 6
Advances in information technology increasingly allow firms to identify expensive, high-cost customers, who are not only individually less profitable for firms but also raise the average marginal cost incurred by firms and thus impose a negative externality on inexpensive customers. Should...
Persistent link: https://www.econbiz.de/10009440989
In today?s business climate, aerospace companiesare more than ever in need of rational methods andtechniques that provide insights as to the beststrategies which may be pursued for increasedprofitability and risk mitigation. However, the use of subjective, anecdotal decision-making...
Persistent link: https://www.econbiz.de/10009475884
We discuss the strategic behavior of agents on a financial market in the presence of a central bank which is borrowing and lending money.
Persistent link: https://www.econbiz.de/10009452447
Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between individual strategic behavior and collective outcome. What has...
Persistent link: https://www.econbiz.de/10009452539
This paper studies the properties of convexity (concavity) and strategic complements (substitutes) in network formation and the implications for the structure of pairwise stable networks. First, different definitions of convexity (concavity) in own links from the literature are put into the...
Persistent link: https://www.econbiz.de/10009452561
misbehavior resolution protocols for ad hoc networked devices. Game theory was used to analyze strategic interaction among … system operation feasible. Motivated by the versatile nature of evolutionary game theory, the assumption of a rational node … malicious attacks. Therefore, using game theory and evolutionary game theory, a mathematical framework has been developed that …
Persistent link: https://www.econbiz.de/10009460501