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Displaying results 1 to 12 of 12.

  1. Identifying the ranking of focal points in coordination games on the individual level
    Author: Schmidt, Robert J.
    Published: 27 Mrz. 2019
    Publisher:  University of Heidelberg, Department of Economics, Heidelberg

    We propose a method to identify the ranking of focal points (Schelling, 1960) on the individual level. By contrast to conventional coordination, where subjects bet on only one alternative, subjects coordinate by the distribution of points. This... more

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    We propose a method to identify the ranking of focal points (Schelling, 1960) on the individual level. By contrast to conventional coordination, where subjects bet on only one alternative, subjects coordinate by the distribution of points. This allows them to invest in multiple alternatives and to weigh their choices. As a result, subjects not only reveal which alternative appears most focal to them, but the ranking of the available alternatives with regard to the degree of focality. In an experiment on the elicitation of social norms (Krupka and Weber, 2013), we compare the proposed mechanism with conventional coordination. The data confirms the theoretical predictions regarding coordination behavior and demonstrates that the proposed technique is suited to identify the heterogeneity of focal points on the individual level. Moreover, using Monte Carlo simulations, we find that the proposed mechanism identifies focal points on the group level significantly more efficiently than ordinary coordination. Finally, we point to the possibility to use the mechanism as a simple and direct tool to measure the degree of strategic uncertainty on the individual level.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/207636
    Series: Discussion paper series / University of Heidelberg, Department of Economics ; no. 660
    Subjects: coordination; focal points; game theory; methodology; social norms
    Scope: 1 Online-Ressource (15 Seiten), Illustrationen
  2. Strict incentives and strategic uncertainty
    Author: Carlsson, Hans; Wichardt, Philipp C.
    Published: [2019]
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    This paper proposes a comprehensive perspective on the question of self-enforcing solutions for normal form games. While this question has been widely discussed in the literature, the focus is usually either on strict incentives for players to stay... more

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    This paper proposes a comprehensive perspective on the question of self-enforcing solutions for normal form games. While this question has been widely discussed in the literature, the focus is usually either on strict incentives for players to stay within the proposed solution or on strategic uncertainty, i.e. robustness to trembles. The present approach combines both requirements in proposing the concept of robust sets, i.e. sets of strategy profiles which satisfy both strict incentives and robustness to strategic uncertainty. The result is a set valued solution, a variant of which is shown to exist for all finite normal form games.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/201941
    Edition: This Version: June 10, 2019
    Series: Array ; no. 7715 (June 2019)
    Subjects: game theory; self-enforcing solution; strict incentives; strategic uncertainty
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  3. Competition between offline and online retailers with heterogeneous customers
    Author: Colombo, Stefano; Matsushima, Noriaki
    Published: May 2019
    Publisher:  The Institute of Social and Economic Research, Osaka University, Osaka, Japan

    We consider the spatial competition between two traditional physical (or offline) retailers and an Internet (or online) retailer where the efficiency of the latter differs from that of the former. We assume consumers are heterogeneous across two... more

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    We consider the spatial competition between two traditional physical (or offline) retailers and an Internet (or online) retailer where the efficiency of the latter differs from that of the former. We assume consumers are heterogeneous across two dimensions: (i) the costs of traveling to either of the offline retailers and (ii) the costs of purchasing from the online retailer. Both dimensions depend on the spatial location of consumers and are independent of each other. We show that the online retailer maximizes its profit at an intermediate level of the consumer disutility of online purchase when its efficiency is low.

     
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/230463
    Series: Discussion paper / The Institute of Social and Economic Research ; no. 1056
    Subjects: e-commerce; game theory; horizontal differentiation; vertical differentiation
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  4. Investigating the failure to best respond in experimental games
    Author: Alempaki, Despoina; Colman, Andrew M.; Kölle, Felix; Loomes, Graham; Pulford, Briony D.
    Published: November 2019
    Publisher:  CEDEX, Centre for Decision Research & Experimental Economics, Nottingham

    In experimental games, a substantial minority of players often fail to best respond. Using two-person 3x3 one-shot games, we investigated whether 'structuring' the pre-decision deliberation process produces greater consistency between individuals'... more

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    In experimental games, a substantial minority of players often fail to best respond. Using two-person 3x3 one-shot games, we investigated whether 'structuring' the pre-decision deliberation process produces greater consistency between individuals' stated values and beliefs on the one hand and their choice of action on the other. Despite this intervention, only just over half of strategy choices constituted best responses. Allowing for risk aversion made little systematic difference. Distinguishing between players according to their other-regarding preferences made a statistically significant difference, but best response rates increased only marginally. It may be that some irreducible minimum level of noise/imprecision generates some proportion of sub-optimal choices. If so, more research might usefully be directed towards competing models of stochastic strategic choice.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/228359
    Series: CeDEx discussion paper series ; no. 2019, 13
    Subjects: game theory; best response; strategic thinking; social preferences; stated beliefs
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  5. Explicit solution algorithms for order and price postponement in multiperiodic channel optimization
    Author: Gholami, Reza Azad; Sandal, Leif K.; Ubøe, Jan
    Published: September 2019
    Publisher:  Norwegian School of Economics, Bergen

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    Source: Union catalogues
    Language: English
    Media type: Book
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    Other identifier:
    hdl: 11250/2614276
    Series: Discussion paper / Department of Business and Management Science ; 2019, 09
    Subjects: stochastic optimization; bilevel programming; game theory; pricing theory; stochastic demand; time-dependent demand; price-dependent demand
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  6. Solution algorithms for optimal buy-back contracts in multi-period channel equilibria with stochastic demand and delayed information
    Author: Gholami, Reza Azad; Sandal, Leif K.; Ubøe, Jan
    Published: September 2019
    Publisher:  Norwegian School of Economics, Bergen

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    Language: English
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    hdl: 11250/2614277
    Series: Discussion paper / Department of Business and Management Science ; 2019, 10
    Subjects: stochastic optimization; bilevel programming; game theory; channel coordination; buy-back contracts; price postponement; pricing theory; contract theory
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  7. Strategic complexity and the value of thinking
    Author: Gill, David; Prowse, Victoria
    Published: [2019]
    Publisher:  The University of Warwick, Centre for Competitive Advantage in the Global Economy, Department of Economics, Coventry, United Kingdom

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    Source: Union catalogues
    Language: English
    Media type: Book
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    Edition: This version: July 8, 2019
    Series: Working paper series / Centre for Competitive Advantage in the Global Economy ; no. 431 (Jul 2019)
    Subjects: Response time; decision time; thinking time; strategic complexity; game theory; strate-gic games; repeated games; beauty contest; cognitive ability; personality
    Scope: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  8. Pools or schools or both?
    diversification and specialisation in public services
    Author: Dujava, Daniel; Černěnko, Tomáš; Rafaj, Oliver
    Published: September 30, 2019
    Publisher:  University of Economics in Bratislava, Department of Economic Policy, Bratislava

    We develop a model of two municipalities providing two public services. We show that in case of intermediate level of transferability of public services between two municipalities, Pareto-suboptimal Nash equilibrium exists. In this case, cooperation... more

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    We develop a model of two municipalities providing two public services. We show that in case of intermediate level of transferability of public services between two municipalities, Pareto-suboptimal Nash equilibrium exists. In this case, cooperation between municipalities or merging of two municipalities into one unit would improve welfare.

     
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    hdl: 10419/249319
    Series: Department of Economic Policy working paper series ; WP no. 20
    Subjects: diversification; game theory; public services; specialisation
    Scope: 1 Online-Ressource (circa 10 Seiten), Illustrationen
  9. An essay on the foundations of game theory with applications to the theory of public goods
    Author: Leduc, Justin
    Published: Herbstsemester 2019

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    Source: Union catalogues
    Contributor: Troeger, Thomas (AkademischeR BetreuerIn)
    Language: English
    Media type: Dissertation
    Format: Online
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    Subjects: philosophy of economics; game theory; epistemology; action theory; philosophy of mind; folk-psychology; public economics; public goods; voluntary provision; demand-rights; collective intentions; legitimacy
    Scope: 1 Online-Ressource (circa 145 Seiten), Illustrationen
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    Dissertation, Universität Mannheim, 2019
  10. Transboundary water resources for people and nature
    challenges and opportunities in the Olifants river basin
    Author: Mirzabaev, Alisher; Njiraini, Georgina Wambui; Gebremariam, Gebrelibanos; Jourdain, Damien; Magaia, Emílio; Julio, Felita; Mosse, Gerivásia; Mutondo, João; Mungatana, Eric
    Published: January 2019
    Publisher:  ZEF, Center for Development Research, University of Bonn, Bonn

    This paper proposes that transboundary water governance needs to become an essential input to sustainable governance of protected natural reserves. The paper reviews the challenges and opportunities for such governance mechanisms, and identifies the... more

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    This paper proposes that transboundary water governance needs to become an essential input to sustainable governance of protected natural reserves. The paper reviews the challenges and opportunities for such governance mechanisms, and identifies the factors behind successful practices. Successful transboundary governance of water and nature requires the reduction of associated transaction costs. Firstly, water diplomacy through joint research, data collection and monitoring, capacity building, dialogues for consensus building, promoting responsible leadership and providing advisory support can help in overcoming mistrust between stakeholders and create opportunities for cooperation. Secondly, power asymmetries may hinder transboundary water governance, therefore, there is a need to involve multi]scale links across stakeholders to counter]balance local power asymmetries and engage all stakeholders in consultations and negotiations. Thirdly, transboundary water governance is critically dependent on accurate and transparent data and analysis tools for informing policy decisions. Science]policy interactions for facilitating transboundary water governance were found to be most effective when the knowledge on joint water and nature governance is coproduced in a trans]disciplinary manner, in collaboration with wide]ranging informal networks of scientists, policy makers, and civil society. Finally, transboundary water governance organizations can serve as platforms for facilitating water diplomacy, building trust and cooperation, especially when they are granted the ability to enter into binding cooperative agreements regardless of external political pressures.

     
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    hdl: 10419/206967
    Series: Working paper / ZEF, Center for Development Research, University of Bonn ; 177
    Subjects: Transboundary water and nature governance; game theory; transaction cost; stakeholder analysis; Olifants river basin
    Scope: 1 Online-Ressource (circa 48 Seiten)
  11. Játékelmélet és jog
    = Game theory and law
    Author: László, Kóczy Á.
    Published: 2019. február
    Publisher:  Magyar Tudományos Akadémia Közgazdaság- és Regionális Tudományi Kutatóközpont Közgazdaság-tudományi Intézet, Budapest

    Game theory is the pocket knife of conflict modelling: it has tools, models for practically all strategic conflicts, be that two- or multiplayer, complete or incomplete information and so on. In this study we have collected relevant tools for young... more

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    Game theory is the pocket knife of conflict modelling: it has tools, models for practically all strategic conflicts, be that two- or multiplayer, complete or incomplete information and so on. In this study we have collected relevant tools for young lawyers. Since this is an introductory text we have avoided mathematical formalism, but offered guidance for further reading especially regarding the academic literature in Hungarian.

     
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    Language: Hungarian
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    hdl: 10419/222054
    Series: Műhelytanulmányok / Magyar Tudományos Akadémia Közgazdaság- és Regionális Tudományi Kutatóközpont ; MT-DP - 2019, 7
    Subjects: game theory; law; applications
    Scope: 1 Online-Ressource (circa 21 Seiten), Illustrationen
  12. Seeking no war, achieving no peace
    Author: Andersson, Tommy; Mukherjee, Conan
    Published: february 2019
    Publisher:  Indian Institute of Management Calcutta, Calcutta

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    Series: Working paper series / Indian Institute of Management Calcutta ; no. 821
    Subjects: game theory; infinite horizon game; stationary strategies; “no war no peace”; Siachen conflict
    Scope: 1 Online-Ressource (circa 23 Seiten)