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Institutional Equilibrium and Equilibrium Institutions

Shepsle, Kenneth A. - 1983

"This theme paper focuses on political institutions and their effects on social choice. Institutions are argued to play a mediating rolebetween the preferences of individuals and social choices. In addition to playing an endogenous role in molding and channeling preferences, institutions...

Persistent link: https://www.econbiz.de/10009468358

14.123 Microeconomic Theory III, Spring 2009

Eso, Peter - 2009

This half-semester course discusses decision theory and topics in game theory. We present models of individual decision …, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi …-stage games, sequential equilibrium, trembling-hand perfection, stability, signaling games, theory of auctions, global games …

Persistent link: https://www.econbiz.de/10009432546

Dynamic stability in repeated games

Puente Díaz, Sergio - 2006

modification of the available theory is needed: we need to relax the assumption that the game starts in a given period. Under this …

Persistent link: https://www.econbiz.de/10012530129

Investment Strategies under Uncertainty: Theory and evidence of preemption in case of geographical market entrance

Karoly, Andrea - 2007

This thesis develops an equilibrium framework for strategic exercise of geographical market entry option. The theoretical model analyses the impact of asymmetries of the competing firms such as follower entry barrier and asymmetric profitability on the optimal market entry timing and firm...

Persistent link: https://www.econbiz.de/10009484808

Game Theoretic Bidding Strategies for Auctions in Green Electricity Markets

Ghosh, Dipayan - 2010

Electricity markets in the United States presently employ an auction mechanism to determine the dispatch of power generation units. In this market design, generators submit bid prices to a regulation agency for review, and the regulator conducts an auction selection in such a way that satisfies...

Persistent link: https://www.econbiz.de/10009429951

Temporary and Permanent Buyout Prices in Online Auctions

Gupta, Shobhit; Gallien, Jérémie - 2004

Increasingly used in online auctions, buyout prices allow bidders to instantly purchase the item listed. We distinguish two types: a temporary buyout option disappears if a bid above the reserve price is made; a permanent one remains throughout the auction or until it is exercised. In a model...

Persistent link: https://www.econbiz.de/10009432280

A Game Theoretic Modeling and Analysis for Internet Access Market

Shin, Seung-Jae; Correa, Hector; Weiss, Martin - 2002

In this paper, we study the local dial-up Internet access market using a game theoretic model. Inparticular, we consider the Nash equilibrium of the service providers and examine their behavioron investment and output level. We calibrate this model to fit the industry structure and datafound in...

Persistent link: https://www.econbiz.de/10009432833

Can We Apply Principles From Social Networking To Healthcare Informatics For Intelligent Data Analytics?

Shields, Andrew; Datta, Shoumen - 2008

Extracting the principles associated with complexity theory and swarm intelligence has offered practical solutions for …

Persistent link: https://www.econbiz.de/10009433074

Strategic Behavior on Financial Markets

Kannai, Yakar; Rosenmüller, Joachim - 2003

We discuss the strategic behavior of agents on a financial market in the presence of a central bank which is borrowing and lending money.

Persistent link: https://www.econbiz.de/10009452447

The double monopoly has no Nash equilibrium

Böhm, Volker; Lensberg, Terje - 1991

Persistent link: https://www.econbiz.de/10009452458