Showing 1 - 10 of 313
Persistent link: https://www.econbiz.de/10005407524
We revisit n-player coordination games with Pareto-ranked Nash equilibria. The novelty is that we introduce fuzzy play and a matching device, where each player does not choose which pure strategy to play, but instead chooses a nonempty subset of his strategy set that he submits to the matching...
Persistent link: https://www.econbiz.de/10011165163
We provide a tractable concept that can be used to study the influence of the degree of farsightedness on network stability. A set of networks GK is a level-K farsightedly stable set if three conditions are satisfied. First, external deviations should be deterred. Second, from any network...
Persistent link: https://www.econbiz.de/10011094063
A set of networks G is pairwise farsightedly stable (i) if all possible farsighted pairwise deviations from any network g[set membership, variant] G to a network outside G are deterred by the threat of ending worse off or equally well off, (ii) if there exists a farsighted improving path from...
Persistent link: https://www.econbiz.de/10008483523
We propose a new concept, the pairwise farsightedly stable set, in order to predict which networks may be formed among farsighted players. A set of networks G is pairwise farsightedly stable (i) if all possible pairwise deviations from any network g ∈ G to a network outside G are deterred by...
Persistent link: https://www.econbiz.de/10005209952
A set of coalition structures <em>P</em> is farsightedly stable (i) if all possible deviations from any coalition structure p belonging to <em>P</em> to a coalition structure outside <em>P</em> are deterred by the threat of ending worse off or equally well off, (ii) if there exists a farsighted improvingpath from any...
Persistent link: https://www.econbiz.de/10008682977
We revisit n-player coordination games with Pareto-ranked Nash equilibria. The novelty is that we introduce fuzzy play and a matching device, where each player does not choose which pure strategy to play, but instead chooses a nonempty subset of his strategy set that he submits to the matching...
Persistent link: https://www.econbiz.de/10005670246
Persistent link: https://www.econbiz.de/10005542798
We develop a model of strategic networks in order to analyze how trade unions will affect the stability and efficiency of R&D collaboration networks in an oligopolistic industry with three firms. Whenever firms settle wages, the complete network is always pairwise stable and the partially...
Persistent link: https://www.econbiz.de/10005423183
We adopt the largest consistent set defined by Chwe [J. of Econ. Theory 63 (1994), 299-235] to predict which coalition structures are possibly stable when players are farsighted. We also introduce a refinement, the largest cautious consistent set, based on the assumption that players are...
Persistent link: https://www.econbiz.de/10005423234