We propose the Point Beauty Contest, a mechanism to identify the distribution of focal points on the individual level. By contrast to conventional coordination, subjects coordinate by the distribution of points. This allows for nuanced coordination strategies, as subjects can invest in multiple...

We propose the Point Beauty Contest, a mechanism to identify the distribution of focal points on the individual level. By contrast to conventional coordination, subjects coordinate by the distribution of points. This allows for nuanced coordination strategies, as subjects can invest in multiple...

The paper was based on a systematic review and critical analysis of literature on the theory of firm. The theoretical assumption that forms the base of this paper is based on the importance of knowing the relationship between firms in different market, recognized at economic level. Based on the...

Brazil and the United States are considered the main participants in the world market of orange juice. United States subsidies affect Brazilian exports of concentrate and frozen orange juice (SLCC, in Portuguese) and the Brazilian participationin theglobal market for the product. Therefore, the...

In the game theory, there are a classic series of four criteria: Wald, Hurwicz, Savage, Laplace with a special importance in the choice of optimal decision in the situations of uncertainty. These criteria providing reasonable answers from different points of view. The question is to discern...

This paper presents recent results from Mean Field Game theory underlying the introduction of common noise that imposes to incorporate the distribution of the agents as a state variable. Starting from the usual mean field games equations introduced in [11 , 12 , 13 ] and adapting them to games...

Исследуются организационно-экономические аспекты функционирования регионального рынка переработки промышленных отходов в Тульской области. Предлагается...

La designación de los jerarcas en los órganos de control político reviste una pieza fundamental tanto para el perfil democrático de un sistema político como para el funcionamiento de sus instituciones. Es imprescindible el diseño de reglas que en forma anticipada genere la confianza acerca...