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In and out of Equilibrium II: Evolution in Repeated Games with Discounting and Complexity Costs

Veelen, Matthijs van; Garcia, Julian - Tinbergen Instituut - 2012

We explore evolutionary dynamics for repeated games with small, but positive complexity costs. To understand the dynamics, we extend a folk theorem result by Cooper (1996) to continuation probabilities, or discount rates, smaller than 1. While this result delineates which payoffs can be...

Persistent link: https://www.econbiz.de/10011256705

A Behavioral Model for Participation Games with Negative Feedback

Dindo, Pietro; Tuinstra, Jan - Tinbergen Instituut - 2006

We study participation games with negative feedback, i.e. games where players choose either to participate in a certain project or not and where the payoff for participating decreases in the number of participating players. We use the replicator dynamics to model the competition between...

Persistent link: https://www.econbiz.de/10011257028

Bertrand Price Competition in a Social Environment

Tieman, Xander F.; Laan, Gerard van der; Houba, Harold - Tinbergen Instituut - 1996

This discussion paper resulted in a publication in De Economist (2001). Volume 149, p. 33-51. In this paper the behavior of producers in a social environment is considered from a more sociological point of view than is usually done in economics. The producers play Bertrand price competition...

Persistent link: https://www.econbiz.de/10011257473

Imitation of Cooperation in Prisoner's Dilemma Games with Some Local Interaction

Janssen, Maarten C.W. - Tinbergen Instituut - 2000

In this paper I study conditions for the emergence of cooperativebehavior in a dynamic model of population interaction.The model has finitely many individuals located on a circle. The pay-off of each individual is partly based on the (local)interaction with neighbors and partly on (uniform)...

Persistent link: https://www.econbiz.de/10011255944

Evolution of Harvesting Strategies: Replicator and Resource Dynamics

Noailly, Joelle; Bergh, Jeroen van den; Withagen, Cees - Tinbergen Instituut - 2001

Economic theories of managing renewable resources, such as fisheries and forestry, traditionally assume that individual harvesters are perfectly rational and thus able to compute the harvesting strategy that maximizes their discounted profits. The current paper presents an alternative approach...

Persistent link: https://www.econbiz.de/10011256528

Evolutionary Analysis of the Relationship between Economic Growth, Environmental Quality and Resource Scarcity

Bergh, Jeroen C.J.M. van den - Tinbergen Instituut - 2004

This discussion paper has resulted in a chapter in: (R.U. Ayres, D. Simpson, and M. Toman (eds.)), Scarcity and Growth in the Millennium, 2005, Resources for the Future, Washington DC, 177-97.

Persistent link: https://www.econbiz.de/10011255838

In and Out of Equilibrium: Evolution of Strategies in Repeated Games with Discounting

Veelen, Matthijs van; Garcia, Julian - Tinbergen Instituut - 2010

not too rare to be found by a reasonable mutation process, and that typical simulation paths take the population from …

Persistent link: https://www.econbiz.de/10011256823

Total Factor Productivity and the Mongolian Transition

Chessa, Antonio G.; Schouwstra, Marije C. - Tinbergen Instituut - 2005

Total Factor Productivity (TFP)is often used on the macro-economic level as an indicator of changes in efficiency of a country. In many transition economies TFP is seen to have been negative the last decade of the plan economy and starts increasing and become positive after a (quite a) few years...

Persistent link: https://www.econbiz.de/10011256958

Modelling and Simulation: An Overview

McAleer, Michael; Chan, Felix; Oxley, Les - Tinbergen Instituut - 2013

The papers in this special issue of Mathematics and Computers in Simulation cover the following topics: improving …, globalization, and innovation: a general equilibrium simulation, whether exchange rates affect consumer prices: a comparative …

Persistent link: https://www.econbiz.de/10011256964

Decomposing Portfolio Value-at-Risk: A General Analysis

Hallerbach, Winfried G. - Tinbergen Instituut - 1999

the underlying statistical distributions, a variety of analyticalmethods and simulation-based methods are available. Aside … orhistorical and Monte Carlo simulation methods. Although these approaches to overall VaR estimation have receivedsubstantial … and incremental VaR in either a non-normal analytical setting or a MonteCarlo / historical simulation context.This paper …

Persistent link: https://www.econbiz.de/10011256282