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This paper presents a new systematic review of N-person social dilemma games using a new approach based on dynamic properties of the corresponding system. Traditionally N-person social dilemma games are classified by relative orders of magnitude of payoff parameters. Without border-line cases 24...
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In this paper social dilemmas are modelled as n-player games. Orthodox game theorists have been able to provide several concepts that narrow the set of expected outcomes in these models. However, in their search for a reduced set of solutions, they had to pay a very high price: they had to make...
Persistent link: https://www.econbiz.de/10004983541
Mineral markets, in spite of many common features with other goods markets, are distinctive. Their functioning sometimes deviates from the rules of the free market. This feature results from the specificity of acquiring the good being an object of trade. In general, changes in the supply of...
Persistent link: https://www.econbiz.de/10011008901
We show that Nash Equilibrium points can be obtained by using response maps or reply functions that simply use better … responses rather than best responses. We demonstrate the existence of a Nash Equilibrium as the fixed point of a better response …
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Die Wertschöpfungskette Milch in Deutschland steht vor der Herausforderung, sich in einem zunehmend liberalisierten Milch- und Milchproduktmarkt zu behaupten. Neben der Milchproduktion hat in der Wertschöpfungskette vor allem die Milchverarbeitung eine zentrale Funktion. Diese veredelt den...
Persistent link: https://www.econbiz.de/10010302612
This paper aims to analyze the evolution of the private consumption structure in Romania in the last twenty years surprising three main periods that influenced the composition of economic welfare of romanian citizens: the transition period to the market economy after the fall of communist...
Persistent link: https://www.econbiz.de/10011079560