Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 10 of 10 for “"Markov-Perfect Equilibrium"”.
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Dynamic analysis of equilibrium selection in games
… that he is going to play the Pareto efficient equilibrium strategy if and only if he is actually planning to play that strategy. Chapter 2 analyzes a stochastic evolutionary dynamics of Kandori-Mailath-Rob (1993) in Spence's job-market signaling model. In contrast to Nldeke and Samuelson's …
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Stochastic Dynamic Optimization and Games in Operations Management
… and game models in operations management.</p><p>Markov decision processes (MDPs) and sequential games are good models of many real sequential decision processes. However, in diverse applications in operations research and economics, the state of the MDP is a vector and the curse of dimensionality …
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Analysis of non-unique solutions in mean field games
… field game (MFG) are non-unique. The symmetric Markov perfect information N-player game is considered and restricted to finite states and continuous time. The players' transitions are random with a parameter determined by their control. There is a unique joint distribution of the players for the …
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Dynamic sequential decision problems with asymmetric information: some existence results
… the first problem, a refinement concept for Nash equilibrium is presented, called common information based Markov perfect equilibrium (CIMPE), for a class of two-player dynamic linear-Gaussian (LG) games of asymmetric information satisfying two general conditions. The most appealing property of …
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Private Provision of Public Goods: Uniform Price Mechanisms with a Threshold and Dynamics with a Tipping Point
… less. With CI, UPC has the same undominated perfect equilibria as standard provision point (PPM) and proportional rebate (PR) mechanisms—and UPA a somewhat broader set—but our mechanisms’ wide-range-of-zero-marginal penalty structures may facilitate equilibrium selection and lead to higher …
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Essays on Bargaining and Markets
… (2006) discuss the existence of inefficient Markov-perfect equilibrium (MPE) in a heterogeneous market. This paper shows that the example they provide cannot be supported as a MPE. Indeed, with two buyers and two sellers, the dispersion of bargaining positions is not sufficiently wide to …
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Strategic decisions under uncertainty: Supplier quality improvement and exit in duopoly
… if the game is repeated and there is a unique equilibrium entailing inefficient delays. Due to this uniqueness of the equilibrium, we are able to construct the well-defined measure for the inefficiency from free-riding incentives and estimate this inefficiency by using primary data from a field …
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Essays in macro and development economics
… distort input choices, thereby reducing equilibrium demand for upstream goods and creating a wedge between the potential sales ("influence") and actual sales by upstream sectors. I analyze policy interventions and show that, under weak functional form restrictions, the ratio between a …
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Essays on dynamic games and reputations
… secure a high payoff in every state and in every equilibrium. Under a condition on the distribution over states, he will play the same action in every period and maintain his reputation for commitment in every equilibrium. If the payoff structure is unrestricted and the probability of commitment …
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Bitcoin Protocol Analysis: Game Theory and Protocol Integrity
… data, demonstrating that these cycles are equilibrium objects rather than irregularities. The framework identifies the conditions under which protocol-compliant behaviour is a best response over unbounded horizons and explains how scale economies in transaction validation, template …