40. Physikertagung 1976 in Bonn

Economics University of Bonn Adenauerallee 24 - 42 D - 53113 Bonn

We present a formal model of symmetric n-firm Cournot oligopoly with a heterogeneous population of profit optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round a là Vega-Redondo (1997). Optimizers play myopic best response to the opponents’ previous output. The dynamics of the decision rules induce a Markov chain. As expression of bound...

Bonn Econ Discussion Papers

In a multi-agent setting, individuals often compare own performance with that of their peers. These comparisons in‡uence agents’ incentives and lead to a noncooperative game, even if the agents have to complete independent tasks. I show that depending on the interplay of the peer e¤ects, agents’ e¤orts are either strategic complements or strategic substitutes. I solve for the optimal monetary i...

Rheinische Friedrich - Wilhelms - Universität Bonn

Given n point sites in the plane each painted in one of k colors, the region of a c-colored site p in the Farthest Color Voronoi Diagram (FCVD) contains all points of the plane for which c is the farthest color and p the nearest c-colored site. This novel structure generalizes both the standard Voronoi diagram (k = 1) and the farthest site Voronoi diagram (k = n). We show that the FCVD has stru...

Rheinischen Friedrich-Wilhelm-Universität Bonn

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EPMA-World Congress 2011 in Bonn, Germany