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Previous models of collective action assume that the network structure of individual relations that transmit social control mechanisms promoting or inhibiting collective action is given. An extended game-theoretical model that incorporates social control mechanisms as side payments and allows...
Persistent link: https://www.econbiz.de/10011057145
weakly connected topologies. By using matrix theory, we prove that the states of internal agents will converge to a convex …
Persistent link: https://www.econbiz.de/10010871797
We study the implications of social interactions and individual learning features on consumer demand in a simple market model. We consider a social system of interacting heterogeneous agents with learning abilities. Given a fixed price, agents repeatedly decide whether or not to buy a unit of a...
Persistent link: https://www.econbiz.de/10010873710
choices and individual wealth after each time step. The results, in particular the coordination of the agents, measured by the …
Persistent link: https://www.econbiz.de/10011057466
A simple model of a buying–selling cycle is proposed. It is based on a notion of a profit intensity. Supply and demand curves and geometrical interpretation are discussed in this context.
Persistent link: https://www.econbiz.de/10011057885
In order to maximize cost efficiency from scarce marketing resources, marketers are facing the problem of which group of consumers to target for promotions. We propose to use a decision theoretical approach to model this strategic situation. According to one promotion model that we develop,...
Persistent link: https://www.econbiz.de/10010588844
We report on initial studies of a quantum field theory defined on a lattice with multi-ladder geometry and the dilation …
Persistent link: https://www.econbiz.de/10012890115
This study examines the relative importance of liquidity risk for the time-series and cross-section of stock returns in the UK. We propose a simple way to capture the multidimensionality of illiquidity. Our analysis indicates that existing illiquidity measures have considerable asset specific...
Persistent link: https://www.econbiz.de/10012958646
In the stable marriage problem two sets of agents must be paired according to mutual preferences, which may happen to conflict. We present two generalizations of its sex-oriented version, aiming to take into account correlations between the preferences of agents and costly information. Their...
Persistent link: https://www.econbiz.de/10010872187
, which could be hopefully described by cooperative games in the evolutionary game theory framework. This paper presents game … theory methods to model the formation of binary opinions: cooperative games are proposed to model the interaction rules of … game theory models show evolutionary results similar to traditional opinion models. Specially, the evolution of opinions …
Persistent link: https://www.econbiz.de/10010872421