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The book deals with collusion between firms on both sides of a market that is immune to deviations by coalitions. We study this issue using an infinitely countably repeated game with discounting of future single period payoffs. A strict strong perfect equilibrium is the main solution concept...
Persistent link: https://www.econbiz.de/10014015371
This book presents the basics of game theory both on an undergraduate level and on a more advanced mathematical level …. It covers most topics of interest in game theory, including cooperative game theory. Part I presents introductions to all … these topics on a basic yet formally precise level. It includes chapters on repeated games, social choice theory, and …
Persistent link: https://www.econbiz.de/10013521003
This book studies the strategic policy interactions in a monetary union. The leading protagonists are the European Central Bank and national governments. The target of the ECB is low inflation in Europe. The targets of a national government are low unemployment and a low structural deficit....
Persistent link: https://www.econbiz.de/10013521136
Integrated supply chain planning is well understood by theory and widely applied in practice - however, only with …
Persistent link: https://www.econbiz.de/10013521304
for Coordinated Action in Game Theory Problems -- Condensation Phenomena and Pareto Distribution in Disordered Urn Models …
Persistent link: https://www.econbiz.de/10013522717
The Closed Economy: Absence of a Deficit Target. -- Monetary Policy -- Fiscal Policy -- Monetary and Fiscal Interaction -- Monetary and Fiscal Cooperation -- The Closed Economy: Presence of a Deficit Target -- Fiscal Policy -- Monetary and Fiscal Interaction -- Monetary and Fiscal Cooperation --...
Persistent link: https://www.econbiz.de/10013522783
game theory and economics, while using various stories and examples. A featured aspect of those discussions is that many … beliefs. Each dialogue critically examines extant theories and common misunderstanding in game theory and economics in order …
Persistent link: https://www.econbiz.de/10013520469
Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which … evaluated. Core equivalence is shown for bargaining economies. The theory of risk aversion is extended and the relation between …
Persistent link: https://www.econbiz.de/10013520492
-existent in other books on game theory. …
Persistent link: https://www.econbiz.de/10013520758
, including one on the importance of Machiavelli’s writing as a reference point for modern political theory, and others on the … related concepts of fairness and responsibility. A majority of the chapters make use of game theory. …
Persistent link: https://www.econbiz.de/10013520915