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players to which ν will become disconnected. We focus on unilateral link formation and Nash equilibrium. We show existence of …
Persistent link: https://www.econbiz.de/10009752420
>Nash equilibrium</em>. We show existence of Nash equilibria and a<em> price of stability</em> of 1 + <em>ο</em>(1) under moderate …
Persistent link: https://www.econbiz.de/10009277823
equilibrium which takes into account far-sighted behavior of agents and allows for limited cooperation amongst agents. We show … that an equilibrium process of network formation exists. We also show that there are network structures in which no … equilibrium strategy profile can sustain efficient networks. We then provide sufficient conditions under which the equilibrium …
Persistent link: https://www.econbiz.de/10005418929
well known refinements of the Nash equilibrium, namely, perfect Nash equilibrium and proper Nash equilibrium, are special … Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the existence of a … symmetric proper equilibrium. Applying our results to the field of evolutionary game theory yields a refinement of the …
Persistent link: https://www.econbiz.de/10011327822
Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning … that possesses a self-confirming equilibrium in extensive-form rationalizable strategies. This notion of equilibrium can be …
Persistent link: https://www.econbiz.de/10012509154
relying on first order conditions, the authors demonstrate existence of Nash equilibrium and an extension of Warr's neutrality … result -- any redistribution of endowment that left the set of contributors unchanged would induce a new equilibrium with the … the strategic market game equilibrium to the private provision of equilibrium of Villanaci and Zenginobuz (2005), which …
Persistent link: https://www.econbiz.de/10011108853
Настоящая книга представляет собой третье (исправленное и дополненное) издание монографии «Экономическая социодинамика». Ее первое издание вышло в свет в 2000 г....
Persistent link: https://www.econbiz.de/10011026552
and services, and construction of a model of market equilibrium, based on the principles of the Economic Sociodynamics … the universal motive of public guardianship and limiting, or marginal, conditions of equilibrium for such markets. Besides …
Persistent link: https://www.econbiz.de/10011026558
Economists from centuries have been leading discussions on the role of state in economy. Some of them are in favour of state's wide interference in economy while others seek to limit the role of the government. One of the arguments for the necessity of state interventionism in the market...
Persistent link: https://www.econbiz.de/10011849495
consumers, and show the existence and efficiency of equilibrium with nonlinear policies. We employ entrepreneurial equilibrium …, an equilibrium concept with profit-seeking entrepreneurs. In our model, club managers and members of clubs care only … about the members' actions, not their types. The equilibrium is efficient in our adverse selection model due to this …
Persistent link: https://www.econbiz.de/10005041764