We perform simulations with the extended Incomplete Minority Game model, and find that limited incompleteness in strategies can improve the system efficiency greatly. There is a critical pIc such that agents in a system can get the best cooperation. The critical strategy density value αc...

This paper compares and contrasts equilibrium outcomes under right-to-manage bargaining (RTM) and efficient bargaining (EB) corresponding to two alternative pay schemes, fixed wage vis-a-vis piece-rate. [WP No.8]. URL:[http://www.gipe.ac.in/pdfs/working%20papers/wp8.pdf].