Cooperative business firms are prevalent in agribusiness, yet no concise generalized model exists to demonstrate how and why cooperative firms differ from, and may be selected over, the more common investor owned business firm. It is shown within a generic transaction game that cooperatives fill...

This article presents a dynamic Generalized Nash-Cournot model to describe the evolution of the natural gas markets. The aim of this work is to provide a theoretical framework that would allow us to analyze future infrastructure and policy developments, while trying to answer some of the main...

This paper aims at defining a Strategic Threshold or Flash points for each strategy followed by the society as a whole. The paper attempts at analyzing interactions between two groups and the effect of change in trust on the path traversed. The paper draws analogy to the behavior of...

At first glance, game theory could support with rational, ideologically neutral arguments the logic necessity of acting ethically in business. Apparently, this is what we learn from the Prisoner’s dilemma, the Peasant’s dilemma or Tit for Tat. All these strategic games suggest that the...

The snowdrift (or chicken) game emerges as a new paradigm in the study of nonkin cooperation in animals. Many situations, for example, cooperative hunting, group foraging, territorial defense, predator watching, or parental care, can be adequately described as a snowdrift game. In this paper, we...

Two rationales have been proposed verbally for the function of victory displays, which are performed by the winners of contests but not by the losers. The "advertising" rationale is that victory displays are attempts to communicate victory to other members of a social group that do not pay...

We present two elaborations of the model of Broom and Ruxton that found evolutionarily stable kleptoparasitic strategies for foragers. These elaborations relax the assumption that the distribution of times required to handle discovered food items is exponential. These changes increase the...

The current study examined the economics of cooperation in controlled-payoff games by using captive blue jays, Cyanocitta cristata. This investigation used a special feeding apparatus to test for the stability of cooperative choice in a series of iterated games. The jays experienced...

Models of biparental care predict that parents should compensate incompletely for any change in their partner's investment. Experimental tests have, however, yielded results that range from full compensation, through a lack of any reaction, to a matching response. Here we suggest a new, adaptive...

For decades, evolutionary biologists and anthropologists have puzzled over the negative relationship that exists between wealth and fertility in humans. Particularly mystifying have been that (1) humans do not appear to translate their reproductive resources into additional offspring, and (2)...