Showing 1 - 10 of 87
Persistent link: https://www.econbiz.de/10005533138
Persistent link: https://www.econbiz.de/10005478585
Persistent link: https://www.econbiz.de/10005487998
Persistent link: https://www.econbiz.de/10005444970
We study joint production games under a mixed sharing rule in which part of the ouput (the mixing parameter) is shared in proportion to inputs and the rest according to exogenously determined shares. We show that this game has a unique Nash equilibrium and discuss comparative statics. When the...
Persistent link: https://www.econbiz.de/10005398517
We present a rigorous, yet elementary, demonstration of the existence of a unique Lindahl equilibrium under the assumptions that characterize the standard n-player public good model. Indeed, our approach, which exploits the aggregative structure of the public good model, lends itself to a...
Persistent link: https://www.econbiz.de/10005405798
Persistent link: https://www.econbiz.de/10005416652
Persistent link: https://www.econbiz.de/10005416662
Player i's payoff in a noncooperative game is generally expressed as a function of the vector of strategies of all players. However, in some games - 'simply reducible games' - the payoff of player i is a function of two arguments - the strategy chosen by i, and the sum of the strategies of all...
Persistent link: https://www.econbiz.de/10005416666
Persistent link: https://www.econbiz.de/10005416676