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There is a formal equivalence between games, societies, and economies. Lindahl equilibrium for a game or society corresponds to competitive equilibrium for the equivalent economy. Results on existence and optimality of competitive equilibrium thus apply to the theory of games and societies. The...
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type="main" xml:id="ecin12117-abs-0001" <fi>Open access publishing has been proposed as one possible solution to the serials crisis—the rapidly growing subscription prices in scholarly journal publishing. However, open access publishing can present economic pitfalls as well, such as excessive...</fi>
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If viewers prefer to watch the news as soon as they get home from work, how should competing television stations schedule their broadcasts so as to maximize the number of viewers? Given a Hotelling location problem with a directional constraint (viewers can watch any time after they get home but...
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This is the first study that assesses the economic effects of direct democratic institutions on a cross country basis. Its results are based on up to six new measures produced to reflect the legislative basis for using direct democratic institutions as well as their factual use. In addition, a...
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Population games are stochastic processes which explicitly model Nash's (1950) mass action interpretation of Nash equilibrium. The mass action interpretation envisions a population of players for each position in the game, and that players are randomly matched for play. The hope is that the...
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I continue the study, begun in Blume (1993), of stochastic strategy revision processes in large player populations where the range of interaction between players is small. Each player interacts directly with only a finite set of neighbors, but any two players indirectly interact through a finite...
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