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The paper introduces the concepts of individual survival strategies (ISS) and social survival strategies (SSS) and presents three sets of simulations of a particular type of SSS: the Central Store (CS) strategy, according to which the individuals in a group contribute part of their resources to...
Persistent link: https://www.econbiz.de/10004983506
In this work simulation-based and analytical results on the emergence steady states in traffic-like interactions are presented and discussed. The objective of the paper is twofold: i) investigating the role of social conventions in coordination problem situations, and more specifically in...
Persistent link: https://www.econbiz.de/10008619138
By means of a simulated funding-agency/supported-firm stochastic dynamic game, this paper shows that the level of the subsidy provided by a funding (public) agency, normally used to correct for firm R&D shortage, might be severely underprovided. This is due to the "externalities" generated by...
Persistent link: https://www.econbiz.de/10010586192