,Abstract: Comparative static tests of Nash bidding theory in second-price common value auctions show that bidders fail to respond in the right direction to more rivals and to public infonnation concerning the value of the item. The fonner provides a clear indication that bidders fail to appreciate the adverse selection forces inherent in common value auctions. while the latte( shows that polic...

By introducing the concepts of implicit coalitions and con‡ict of interests in a multiple-player context, this paper generalizes some theorems on policy invariance and equilibrium existence and uniqueness for LQ policy games. JEL: C72, E52, E61

Right now employment of polices and tools to decrease the carbon emission through electricity generation from renewable resources is one of the most important problem in energy policy. Tradable Green Certificate (TGC) is an economics mechanism to support green power generation. Any country has the challenge to choose an appropriate policy and mechanism for design and implementation of TGC. The ...

This paper examines the role of policy in coordination environments such as currency crises and bank runs by introducing signaling in a global game. While exogenous asymmetric information has been shown to select a unique equilibrium, we show that the endogenous information generated by policy interventions leads to multiple equilibria. Multiplicity obtains even in environments where the policy...

The sensitivity analysis for multi-attribute decision making (MADM) problems is important for two reasons: First, the decision matrix as the source of the results of a decision problem is inaccurate because it sorts the alternatives in each criterion inaccurately. Second, the decision maker may change his opinions in a time period because of changes in the importance of the criteria and in the ...

The role of automated agents in the electronic marketplace has been growing steadily and has been attracting a lot of research from the artificial intelligence community as well as from economists. We consider the problem of homogeneous sellers of a single raw material or component vying for business from a single large buyer, and present artificial agents that learn near-optimal seller strateg...

Multiagent learning is a key problem in AI. In the presence of multiple Nash equilibria, even agents with non-conflicting interests may not be able to learn an optimal coordination policy. The problem is exaccerbated if the agents do not know the game and independently receive noisy payoffs. So, multiagent reinforfcement learning involves two interrelated problems: identifying the game and lear...

We are interested in scheduling tasks from several selfish agents on a set of parallel identical machines. A coordination mechanism consists in giving a scheduling policy to each machine. Given these policies, each agent chooses the machines on which she assigns her tasks, and her aim is to minimize the average completion times of her tasks. The aim of the system (social cost) is to minimize th...

BACKGROUND Policy dialogues are critical for developing responsive, effective, sustainable, evidence-informed policy. Our multidisciplinary team, including researchers, physicians and senior decision-makers, comprehensively evaluated The Winnipeg Central Intake Service, a single-entry model in Winnipeg, Manitoba, to improve patient access to hip/knee replacement surgery. We used the evaluation ...

background: nonalcoholic steatohepatitis (nash), a progressive stage of nonalcoholic fatty liver disease (nafld), is characterized by steatosis with inflammation. investigations have suggested that oxidative stress may play an important role in the progress of nafld to nash. to provide further insights into beneficial effects of antioxidants in nash prevention, we employed two manganese-superox...