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On the Investment-Uncertainty Relationship: A Game Theoretic Real Option Approach

Lukas, Elmar; Welling, Andreas - Fakultät für Wirtschaftswissenschaft, … - 2012

This paper examines the effect of uncertainty on investment timing in a game theoretical real option model. We extend the settings of Gryglewicz et al. (2008), Wong (2007), and Sarkar (2000) by a more general assumption, i.e. the investment is also influenced by the actions of a second player....

Persistent link: https://www.econbiz.de/10010613003

Unreliability of markets – collusion of players. Detection methods in the light of the competition policy

Bejger, Sylwester - In: Ekonomia i Prawo V/2009 (2009), pp. 147-160

competition policy based on the game theory. In this paper a consistent research procedure for identification and detection of …

Persistent link: https://www.econbiz.de/10010615703

Market and government failures in historical institutional analysis by Douglass C. North and Avner Greif

Fjalkowski, Karol - In: Ekonomia i Prawo VI/2010 (2010), pp. 57-70

Economic historians Douglass C. North and Avner Greif use the tools on the New Institutional Economics and Game Theory and draw the attention of economists to the fact that both markets and governments are institutional constructs created by opportunistic individuals and groups with different...

Persistent link: https://www.econbiz.de/10010615705

Winning Play in Spectrum Auctions

Bulow, Jeremy; Levin, Jonathan; Milgrom, Paul - Stanford Institute for Economic Policy Research … - 2009

We describe factors that make bidding in large spectrum auctions complex including exposure and budget problems, the role of timing within an ascending auction, and the possibilities for price forecasting and how economic and game-theoretic analysis can assist bidders in overcoming these...

Persistent link: https://www.econbiz.de/10010616062

The Rationality of Revolution.

Dudley, L. - Centre Interuniversitaire de Recherche en Économie … - 1996

Did the recent transition to liberal democracy in Eastern Europe consitute revolutions? Here, game theory is used to structure an explanation of institutional change proposed by Harold Innis (1950).

Persistent link: https://www.econbiz.de/10010616522

Fair electricity transfer price and unit capacity selection for microgrids

Zhang, Di; Samsatli, Nouri J.; Hawkes, Adam D.; Brett, … - In: Energy Economics 36 (2013) C, pp. 581-593

Microgrids are defined as an area of electricity distribution network that can operate autonomously from the rest of the network. In order to achieve the best economic outcomes, the participants in a microgrid can benefit from cooperation in microgrid design and operation. In this paper, a...

Persistent link: https://www.econbiz.de/10010616839

Incentives and stability of international climate coalitions: An integrated assessment

Bosetti, Valentina; Carraro, Carlo; De Cian, Enrica; … - In: Energy Policy 55 (2013) C, pp. 44-56

resulting climate coalition using the integrated assessment model WITCH. Coalition stability is assessed under alternative … effective in reducing GHG emissions, is explored in the paper. The main conclusion is that only the grand coalition, i.e. a … coalition where all world regions cooperate to reduce emissions, can maintain GHG concentration below 550ppm CO2-eq. However …

Persistent link: https://www.econbiz.de/10010617015

International Business Research and Game Theory: Looking beyond the Prisoner's Dilemma

Ott, Ursula F. - In: International Business Review 22 (2013) 2, pp. 480-491

This article outlines the un-mined potential of Game Theory for International Business (IB) research. Game Theory has been only rarely used in International Business – particularly, in comparison to transaction cost economics and the resource based view. Although its applications to...

Persistent link: https://www.econbiz.de/10010617117

Contract design and supply chain coordination in the electricity industry

Oliveira, Fernando S.; Ruiz, Carlos; Conejo, Antonio J. - In: European Journal of Operational Research 227 (2013) 3, pp. 527-537

In this article we propose a model of the supply chain in electricity markets with multiple generators and retailers and considering several market structures. We analyze how market design interacts with the different types of contract and market structure to affect the coordination between the...

Persistent link: https://www.econbiz.de/10010617180

The Use of Game Theory in Regional Economics: a quantitative retrospective

Silva, Sandra T.; Mota, Isabel; Grilo, Filipe - Faculdade de Economia, Universidade do Porto - 2011

diffusion of imperfect competition models, networks and mathematical programming. One of the most powerful tools within social …

Persistent link: https://www.econbiz.de/10010617867