A communication-proof equilibrium concept

Article Abstract:

Communication-proof equilibrium can be applied as an extension for renegotiation- and coalition-proof equilibrium in situations where participants are allowed to exchange informations but are not allowed to derive benefits from such exchanges. The resultant equilibrium, which provides benefits when common interests are determined, is subject to deviations when cooperative behavior is not sustainable.

Research, Equilibrium (Economics)

---

A model of agreements in strategic form games

Article Abstract:

A model is developed to study the implications of coalitions and coalitional behavior in a strategic form game. Coalitions and coalitional behavior incorporate the essential effects of communication which could alter the strategy spaces of the game. The model defines an equilibrium for the bargaining procedure, which takes into account the role of expectations in defining coalitional strategies.

Behavior Theory, Human behavior, Negotiation, Negotiations, Game theory

---

Strategic interaction between futures and spot markets

Article Abstract:

A firm's positions in a futures market, affect their cost of production in the spot market, thus altering the circumstances of competition. There is a renegotiation-proof, that if firms buy and sell in the futures market there is a monopolistic outcome, suggesting that the introduction of futures market can have an anti-competitive effect.

United States, Forecasts, trends, outlooks, Forecasts and trends, Futures market, Futures markets, Market trend/market analysis, Monopolies, Spot market

Similar abstracts:

• Abstracts: Industry equilibrium under price distribution and cost shifts. Multi-output firm under price uncertainty
• Abstracts: Revolutionary changes in retailing. Merging entertainment and retailing. Analyzing retail potential in rural communities: the Georgia Tech handbook
• Abstracts: The profitability of US intervention in the foreign exchange markets. The impact of US economic variables on Bank of Canada policy: direct and indirect responses
• Abstracts: Information asymmetry, valuation, and the corporate spin-off decision. Firm-specific information and the correlation between individual stocks and bonds
• Abstracts: Market demand functions in the capital asset pricing model. The survival assumption and existence of competitive equilibria when asset markets are incomplete

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.