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The aim of this paper consists of constructing accessibility measures to the nodes of directed graphs using methods of Game Theory. Since digraphs without a predefined game are considered, the main part of the paper is devoted to establish conditions on cooperative games so that they can be used...
Persistent link: https://www.econbiz.de/10010759492
I was born April 14, 1921, in Oakland California, spent most of my boyhood in California, with three years in the east and two in the Panama Canal Zone, my father being a naval officer. I attended the University of California, Berkeley (with two years out in Chile), graduating in economics in...
Persistent link: https://www.econbiz.de/10005112589
Interview with the 2005 Laureates in Economics, Robert J. Aumann and Thomas C. Schelling, December 6, 2005. Interviewer is Rupini Bergstrom, journalist.
Persistent link: https://www.econbiz.de/10005112596
In this paper, we develop a simple game-theoretic model to explore the relationship between management of common pool resources used as an input in livestock production (common pastures) and the adoption of inputs associated with intensified per animal production (veterinary services, purchased...
Persistent link: https://www.econbiz.de/10005113252
We show for general class of market environments that there exist allocations that cannot be improved upon by allocations that are obtainable in the nash equilibrium of alternative noncooperative games. We take account of the fact that in such alternative games, individuals will draw inferences...
Persistent link: https://www.econbiz.de/10005113432
We consider repeated games with transferable utility: players have an endowment of wealth in each period in which transfers can be made. We show that if endowments are large enough and the comon discount factor high enough, then a trongly renegotiation-proof equilibrium (SRP) in the sense of...
Persistent link: https://www.econbiz.de/10005113831
Probabilistic measures of a priori voting power are useful tools to asses actors' influence on collective decision-making either for the purpose of designing a voting organ or to model particular policy cases. This paper makes an attempt to reduce a dynamic voting process into a cooperative...
Persistent link: https://www.econbiz.de/10005114157
Despite a commonplace view that Asian regionalism lacks institutions, Asia, in fact, is full of regional institutions and frameworks in various forms. The rise and fall of regional institutions in Asia is an extremely dynamic process. Using a game theory approach, this paper hypothesizes that...
Persistent link: https://www.econbiz.de/10008464027
Since the papers of Basu et al. (1985) and Lal and Srinivasan (1993), marketing academics have been interested in the design and implementation of optimal compensation plans. The literature has focused on agency theory as a foundation to help describe and understand this process. Although there...
Persistent link: https://www.econbiz.de/10005674226
We investigate a monopolist retailer's category management strategy where the main strategic decisions are how to horizontally position a store brand relative to the incumbent national brands and how to price the store and national brands for retail category profit maximization. We analyze a...
Persistent link: https://www.econbiz.de/10005674227