The class of weakly acyclic games captures many practical application domains, and is particularly relevant for multi-agent distributed control problems. However, reliably checking weak acyclicity is extremely computationally intractable (PSPACE-complete) in the worst case. The present paper...

This paper begins with a survey of the literature on the political economy approaches to labor income taxation. We focus on recent progress made by examining in detail the specific properties of non-linear taxes derived in the context of voting. Next, we present new results on the existence of...

This paper develops a theoretical model of cyberwarfare between nations, focusing on the factors that determine the severity and outcomes of cyber conflicts. We introduce a two-country model where nations invest in offensive or defensive cyber capabilities across networked systems. We show that...

This paper explores a price-setting oligopoly game where labor-managed firms have the option to provide lifetime employment as a strategic commitment. The game unfolds in two stages. In the first stage, each firm independently and simultaneously decides whether to provide lifetime employment as...

The classical mixed strategies non-cooperative solution of a two person – two move game is recalled by paying attention to the different proposed methods and to the properties of the so found solutions. The non-cooperative equilibrium point is determined by a new geometric approach based on...

The classical mixed strategies non-cooperative solution of a two person – two move game is recalled by paying attention to the different proposed methods and to the properties of the so found solutions. The non-cooperative equilibrium point is determined by a new geometric approach based on...

In a market with two homogeneous firms that compete in quantities (Cournot), one firm gets a patented cost reduction innovation. Under this scenario the patent holder has the option to license or not this innovation to the other firm. On the other side, the incumbent firm (without the patent)...

Social stratification, segregation and inequity invite concerns about fairness and social harmony. Our game-theoretic and experimental results indicate that they can also be detrimental to productivity, efficiency, and welfare. Class is defined by players’ resources, incentives to make a...

In a previous paper [1] the application of the dominance principle was proposed to find the non-cooperative solution of two persons two by two general sum game with mixed strategies; in this way it was possible to choose the equilibrium point among the classical solutions avoiding the ambiguity...

I construct a continuous-time market entry game to experimentally investigate whether continuous-time interaction increases the incumbent’s reputation compared to discrete-time interaction. In the model, entrants can build capacity up to a certain threshold in order to enter the market, while...