In this paper the well-known minimax theorems of Wald, Ville and Von Neumann are generalized under weaker topological conditions on the payoff function f and/or extended to the larger set of the Borel probability measures instead of the set of mixed strategies.

This paper investigates strategic interactions between a private highway operator anda private transit operator who uses the same highway for its services. Heterogeneity oftravellers is taken into account by considering a continuous distribution of values of time.Demand elasticity arises from...

Целью статьи является характеристика понятийно-категориального аппарата и инструментария теории игр в контексте установления структуры инжиниринговых...

Статья посвящена исследованию статистической модели оценки интенсивности пассажиропотоков между остановочными пунктами. Предполагается, что при этом...

The article analyses interaction of monetary policy of the European Central Bank and fiscal policies of the 12 first members of the Eurozone. The actual conduct of these economic policies from 1999 to 2008 has been assessed. We are using different versions of the Taylor rule to assess the stance...

Exploration is a costly activity that helps a business improve their understanding of a potential mineral deposit. Yet, even with strong exploration results, the business faces uncertainty over the value of the mine. I model this situation as a game of chance. The game starts by giving an agent...

Cooperative game theory instruments application to the corporate finance M&A research issues provide an ability to extend the field considered and conclusions obtained. The paper presents the M&A cooperative games modeling and its empiri-cal implementation to analyze the airline strategic...

This paper analyses the Policy-Making Process (PMP) of transport infrastructure projects in Colombia for the period 2002-10. It aims to identify the main bottlenecks to improve the implementation of public policies in the main phases of the transport infrastructure policy cycle, namely planning,...

There are many situations where the best outcome is reached through co-operation and co-ordination of agents’ actions. Although this is the best collective outcome, economic agents may fail to implement such co-operative strategy. The reason for this failure may be lack of information about...