Response times are a simple low-cost indicator of the process of reasoning in strategic games (Rubinstein, 2007; Rubinstein, 2016). We leverage the dynamic nature of response-time data from repeated strategic interactions to measure the strategic complexity of a situation by how long people think on...

This paper analyzes the renegotiation problem in the context of public-private partnership projects. Utilizing a game-theoretic approach, an equilibrium is found in which the government finds that accepting renegotiation can be efficient. A first indicator is proposed based the public sector...

This paper examines the effect of uncertainty on investment timing in a game theoretic real option model. We extend the settings of the related recent literature on investment timing under uncertainty by a more general assumption, i.e. the investment is also influenced by the actions of a second...

Government agencies can determine which specific facilities in a transportation network to restrict for each class of material and for which times of the day and/or week to stem the consequences of a terrorist event. To guide in making these determinations, this paper develops a three-player...

This study investigates the dynamics between price and lead time for an e-retailing system in which one of its commodities is offered by two duopolistic suppliers. A Stackelberg game is formulated by considering the two suppliers as the leaders and the e-retailer as the follower. The proposed...

The greening of organizational transportation fleets, especially trucks and automobiles, has gained increasing attention by companies in a variety of industrial sectors. The reasons for this concern and attention are due to regulatory and competitive pressures, but also increasing costs of...

Weighted values of non-atomic games were introduced by Hart and Monderer. These values have been studied by using three approaches: the potential, the asymptotic and the random order approach. In this study we analyze the axiomatic approach for one class of weight functions: the set of players...

The aim of this note is to provide a unified theory of all compromise values defined as the τ-value in cooperative game theory. The so-called covariance property plays a crucial role in our approach and, related to this property, a family of covariant compromise values is introduced. The...

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...

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...