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We introduce here the second volume of the Handbook of Game Theory and Industrial Organization, by L. C. Corchón and M …
Persistent link: https://www.econbiz.de/10015257501
In the present introductory work we propose an original analytical model of coopetitive game. We suggest possible general and feasible solutions; in particular, from a coopetitive perspective, we suggest compromise solutions - for our coopetitive game, by using Kalai-Smorodinsky method.
Persistent link: https://www.econbiz.de/10015244844
Research on collusion in vertically differentiated markets is conducted under one or two potentially restrictive assumptions. Either there is a single industry-wide cartel or costs are assumed to be independent of quality or quantity. We explore the extent to which these assumptions are indeed...
Persistent link: https://www.econbiz.de/10015266114
Orthodox game theory is often criticized for its inability to single out intuitively compelling Nash equilibria in non …-cooperative games. The theory of virtual bargaining, developed by Misyak and Chater (2014) suggests that players resolve non …
Persistent link: https://www.econbiz.de/10015251261
laws of market, such Say’s law, marginal value and interest rate theory, with the modern results of mathematical economics …, such as Capital Asset Pricing Model (CAPM), game theory and behavioral economics. This principle is well known in classical …
Persistent link: https://www.econbiz.de/10015267579
Substantial evidence has been accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium...
Persistent link: https://www.econbiz.de/10015264052
Substantial evidence has been accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium...
Persistent link: https://www.econbiz.de/10015255249
The need for justification is a widely observed social phenomenon. This paper develops a theoretical framework and reports laboratory evidence to show how pure justification pressure affects cooperative behavior in economic exchange environments. In a one-shot anonymous interaction, compared...
Persistent link: https://www.econbiz.de/10015230208
The need for justification is a widely observed social phenomenon. This paper develops a theoretical framework and reports laboratory evidence to show how pure justification pressure affects cooperative behavior in economic exchange environments. In a one-shot anonymous interaction, compared...
Persistent link: https://www.econbiz.de/10015230585
The need for justification is a widely observed social phenomenon. This paper develops a theoretical framework and reports laboratory evidence to show how pure justification pressure affects cooperative behavior in economic exchange environments. In a one-shot anonymous interaction, compared...
Persistent link: https://www.econbiz.de/10015230886