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In the paper a game-theoretical model is set up to describe the conflict situation in which the members of a marketing cooperative may take advantage of an external market price, higher than that offered by the cooperative. Under appropriate conditions on the penalty strategy of the cooperative,...
Persistent link: https://www.econbiz.de/10009251313
Persistent link: https://www.econbiz.de/10010476887
We introduce notions of increasingness for the best reply of a game that capture properly the intuitive idea of complementarity among players’ strategies. We show, by generalizing the fixpoint theorems of Veinott and Zhou, that the Nash sets of our games with increasing best replies are...
Persistent link: https://www.econbiz.de/10008556627
We introduce a class of games with complementarities that has the quasisupermodular games, hence the supermodular games, as a special case. Our games retain the main property of quasisupermodular games : the Nash set is a nonemply complete lattice. We use monotonicity properties on the best...
Persistent link: https://www.econbiz.de/10004984846
We introduce a class of games with complementarities that has the quasisupermodular games, hence the supermodular games, as a special case. Our games retain the main property of quasisupermodular games: the Nash set is a nonempty complete lattice. We use monotonicity properties on the best reply...
Persistent link: https://www.econbiz.de/10005065407
The intuitive idea of two activities being complements, for example tea and lemon, is that increasing the level of one makes somehow desirable to increase the level of the other (Samuelson, 1974). Hence complementarity, in its very nature, is a sensitivity property of the set of solutions to an...
Persistent link: https://www.econbiz.de/10008550206
In this paper we review the state of the art of Games with Strategic Complementarities (GSC), which are fundamental tools in modern Industrial Organization. The originality of the paper lies in the way the material is presented. Indeed, the mathematical aspects of GSC are complex and scattered...
Persistent link: https://www.econbiz.de/10009002085
Yellow fever is a vector-borne acute viral hemorrhagic disease. It is endemic in tropical areas of Africa and Latin America but demonstrated the potential for international spread during the 2016 outbreak in Luanda, Angola. Yellow fever can be prevented by vaccination, vector control, and...
Persistent link: https://www.econbiz.de/10013368181
In this paper, we examine the class of congestion games with player-specific payoff functions introduced by Milchtaich, I. (1996). Focusing on the special case of two resources, we give a short and simple method for identifying all Nash equilibria in pure strategies. We also provide a...
Persistent link: https://www.econbiz.de/10014636242
This book presents recent findings and results concerning the solutions of especially finite state-space Markov decision problems and determining Nash equilibria for related stochastic games with average and total expected discounted reward payoffs. In addition, it focuses on a new class of...
Persistent link: https://www.econbiz.de/10014451769