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"Our focus in this paper is with the transaction costs inherent in most decision making settings. We specifically investigate an "institution free" collective choice mechanism that includes costs to calling votes. A set of models show that under low costs (i.e., where no cost-induced equilibrium...
Persistent link: https://www.econbiz.de/10009468404
"One of the successes in contemporary social science is the development and proliferation of game theory. For a wide … range of phenomena, game theory produces enormous insight into the strategic interaction of individuals. Its greatest power …, information aggregation or when confronting large-scale social dilemmas. However, as Ostrom (1998) reminds us, game theory also …
Persistent link: https://www.econbiz.de/10009468443
Subsequently published as:"Incorporating Motivational Heterogeneity into Game Theoretic Models of Collective Action." Public Choice, 117, 2003, 295-315."Understanding cooperation in the context of social dilemma games is fundamental to understanding how alternative institutional arrangements may...
Persistent link: https://www.econbiz.de/10009468400
"We are concerned here with the creation of non-market institutions for reducing the cost of risk in poor agrarian societies that operate at low levels of technology without the benefits of insurance, credit and other intertemporal markets. 1 Institutions, the formal and informal rules that...
Persistent link: https://www.econbiz.de/10009468491
subjectivity matters and we use a labour process theory framework to address subjectivity; primarily, Michael Burawoy´s concept of … was that productivity increased in a situation where management control over daily operations was diminishing. Managers …
Persistent link: https://www.econbiz.de/10009437653
. Hence logistics operations require managers with a broad range of skills to cope with the challenges these supply chains … survey of 54 Chinese logistics managers are compared and contrasted with four case studies of European logistics managers to …
Persistent link: https://www.econbiz.de/10009481557
using the classic prisoners' dilemma framework in game theory. We found that the current emphasis on occupant protection may …
Persistent link: https://www.econbiz.de/10009437531
Market models for software vulnerabilities have been disparaged in the past citing how these do little to lower the risk of insecure software. In this paper we argue that the market models proposed are flawed and not the concept of a market itself. A well-defined software risk derivative market...
Persistent link: https://www.econbiz.de/10009440801
development they should change to win-win relations. In this paper, we propose a game-theory approach to show the lack of balance … on the basis of the Game theory to measure sustainability and effects of changing each variable in the relations between …
Persistent link: https://www.econbiz.de/10009481227
problems formally studied in the field of game theory. It proposes a game theoretic authorisation model that can ensure users …
Persistent link: https://www.econbiz.de/10009483459