n-person Battle of Sexes (BOS) games are examined by a special simulation study. Two types of agents are considered and there are three possible ways of making the agents’ initial decisions. The simulation study confirms the theoretical results on the existence and number of equilibria. We...

The n-person Battle of Sexes game is first introduced. The game’s properties are discussed and payoff functions are modeled under the main assumption that players’ payoffs are based on whether they like their choices or not and also on how many other players have the same choices. Linear...

We employ the term structure of gasoline and heating oil prices, proxied by convenience yields, to explain the variation in the spread between the prices of gasoline and crude oil and the prices of heating oil and crude oil. We demonstrate that the marginal convenience yields in the gasoline and...

In this paper we study an oligopoly market where profit-maximizing firms and socially concerned firms compete in quantities. Confronting remarks by Milton Friedman and Gary Becker, we are using an evolutionary setting to investigate the endogenous choice of the proper objective of business firms...

Two time delays are assumed in a boundedly rational monopoly. The characteristic equation is derived for the general case, and a complete stability analysis is conducted both analytically and numerically in two special cases. In the first case, wherein the continuously distributed time delays...