Essays In Cooperation And Repeated Games
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Essays In Cooperation And Repeated Games
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Author : Daniel Vincent Barron
language : en
Publisher:
Release Date : 2013
Essays In Cooperation And Repeated Games written by Daniel Vincent Barron and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
This dissertation explores cooperation when formal contracts and legal institutions are imperfect. The first chapter (co-authored with Isaiah Andrews) considers how a principal allocates business among a group of agents to motivate them in the context of a repeated game with imperfect private monitoring. If players are impatient, the optimal relational contract dynamically allocates future business among agents depending on past performance. An optimal allocation rule favors an agent who performs well, even if he later performs poorly. An agent loses favor only if he is unable to produce and his replacement performs well. The principal may allows some relationships to deteriorate into persistent shirking in order to better motivate other agents. We find conditions under which the principal either does or does not benefit by concealing information from the agents. The second chapter proves that approximately Pareto efficient outcomes can be sustained in a broad class of games with imperfect public monitoring and Markov adverse selection when players are patient. Consider a game in which one player's utility evolves according to an irreducible Markov process and actions are imperfectly observed. Then any payoff in the interior of the convex hull of all Pareto efficient and min-max payoffs can be approximated by an equilibrium payoff for sufficiently patient players. The proof of this result is partially constructive and uses an intuitive "quota mechanism" to ensure approximate truth-felling. Under stronger assumptions, the result partially extends to games where one player's private type determines every player's utility. The final chapter explores how firms might invest to facilitate their relationships with one another. Consider a downstream firm who uses relational contracts to motivate multiple suppliers. In an applied model with imperfect private monitoring, this chapter shows that the suppliers might "put the relationship first:" they invest to flexibly produce many of the products required by the downstream firm, rather than cutting costs by specializing. A downstream firm that relies on relational contracts tends to source from fewer suppliers, each of whom can inefficiently manufacture many different products required by that firm.
Essay In Cooperative Games
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Author : Gianfranco Gambarelli
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-06-05
Essay In Cooperative Games written by Gianfranco Gambarelli and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-05 with Business & Economics categories.
Essays on Cooperative Games collates selected contributions on Cooperative Games. The papers cover both theoretical aspects (Coalition Formation, Values, Simple Games and Dynamic Games) and applied aspects (in Finance, Production, Transportation and Market Games). A contribution on Minimax Theorem (by Ken Binmore) and a brief history of early Game Theory (by Gianfranco Gambarelli and Guillermo Owen) are also enclosed.
Essays In Game Theory
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Author : Nimrod Megiddo
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Essays In Game Theory written by Nimrod Megiddo and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Mathematics categories.
This volume presents a collection of papers on game theory dedicated to Michael Maschler. Through his dedication and contributions to game theory, Maschler has become an important figure particularly in the area of cooperative games. Game theory has since become an important subject in operations research, economics and management science. As befits such a volume, the main themes covered are cooperative games, coalitions, repeated games, and a cost allocation games. All the contributions are authoritative surveys of a particular topic, so together they will present an invaluable overview of the field to all those working on game theory problems.
An Essay On The Modern State
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Author : Christopher W. Morris
language : en
Publisher: Cambridge University Press
Release Date : 2002-07-29
An Essay On The Modern State written by Christopher W. Morris and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-07-29 with Philosophy categories.
This important book is the first serious philosophical examination of the modern state. It inquires into the justification of this particular form of political society. It asks whether all states are "nation-states," what are the alternative ways of organizing society, and which conditions make a state legitimate. The author concludes that, while states can be legitimate, they typically fail to have the powers (e.g. sovereignity) that they claim. Christopher Morris has written a book that will command the attention of political philosophers, political scientists, legal theorists, and specialists in international relations.
Reputation And Cooperation In Repeated Games
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Author : Joel Watson
language : en
Publisher:
Release Date : 1994
Reputation And Cooperation In Repeated Games written by Joel Watson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Game theory categories.
Essays On Repeated Games And Double Auctions
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Author : Kiho Yoon
language : en
Publisher:
Release Date : 1997
Essays On Repeated Games And Double Auctions written by Kiho Yoon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.
Essay On Nonlinear Evolutionary Game Dynamics
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Author : Marius Ionut Ochea
language : en
Publisher: Rozenberg Publishers
Release Date : 2010
Essay On Nonlinear Evolutionary Game Dynamics written by Marius Ionut Ochea and has been published by Rozenberg Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Essays In Game Theory
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Author : Mehmet Barlo
language : en
Publisher:
Release Date : 2003
Essays In Game Theory written by Mehmet Barlo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
Journal Of Economic Literature
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Author :
language : en
Publisher:
Release Date : 1998
Journal Of Economic Literature written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Economics categories.
Cooperative Models In International Relations Research
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Author : Michael D. Intriligator
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Cooperative Models In International Relations Research written by Michael D. Intriligator and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Social Science categories.
Cooperative Models in International Relations Michael D. Intriligator and Urs Luterbacher Cooperation problems in international relations research have been asso ciated with a variety of approaches. Game theoretical and rational-choice perspectives have been used extensively to analyze international conflict at a bilateral two-actor level. Problems of deterrence and conflict escalation and deterrence maintaining and conflict dilemma-solving strategies have been studied with a variety ofgame theoretical constructs. These range from two by-two games in normal form (Axelrod, 1984) to sequential games. It is obvi ous that the analysis of conflict-solving strategies and metastrategies deals implicitly and some times explicitly with cooperation. ! The emphasis on cooperation-promoting strategies plays therefore an important role within rational-choice analysis of two-actor problems. However, problems ofinternational cooperation have also been tradition ally associated with literary and qualitative approaches. This is especially true for studies carried out at a multilateral or systemic level ofanalysis. The association between cooperation problems at the international level and the study of international organizations influenced by the international legal tradition have certainly contributed to this state of affairs. The concept of international regime ofcooperation (Krasner, 1983), which derives itselffrom legal studies, has been developed entirely within the context of this literary 1 2 COOPERATIVE MODELS IN INTERNATIONAL RELATIONS RESEARCH conception. However, as such studies evolved, various authors tended to use more formal constructs to justify their conclusions and to refine their analy ses.