Showing 1 - 10 of 12
In this paper we study stochastic dynamic games with many players; these are a fundamental model for a wide range of economic applications. The standard solution concept for such games is Markov perfect equilibrium (MPE), but it is well known that MPE computation becomes intractable as the...
Persistent link: https://www.econbiz.de/10011189748
Persistent link: https://www.econbiz.de/10011528127
The price of electricity supplied from home rooftop photo voltaic (PV) solar cells has fallen below the retail price of grid electricity in some areas. A number of residential households have an economic incentive to install rooftop PV systems and reduce their purchases of electricity from the...
Persistent link: https://www.econbiz.de/10010709252
Persistent link: https://www.econbiz.de/10005413666
Aseller in an online marketplace with an effective reputation mechanism should expect that dishonest behavior results in higher payments now whereas honest behavior results in a better reputation--and thus higher payments--in the future. We study the Window Aggregation Mechanism, a widely used...
Persistent link: https://www.econbiz.de/10009197538
Persistent link: https://www.econbiz.de/10011793433
Persistent link: https://www.econbiz.de/10012523505
Persistent link: https://www.econbiz.de/10012533563
Persistent link: https://www.econbiz.de/10012547551
Persistent link: https://www.econbiz.de/10012547563