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Price Determination in Public Procurement: A Game Theory Approach
Award procedure Bid price Game theory Public procurement
2016/1/27
The article examines mechanism of bid price determination in public procurement by individual tenderers. A game theory approach is used to analyse this process. Firstly, a simple model with two firms ...
Game Theory and the Spectrum Auctions.
Spatial Evolutionary Game Theory: Deterministic Approximations, Decompositions, and Hierarchical Multi-scale Models
Evolutionary games Hierarchical Multi-scale models
2014/12/8
Evolutionary game theory has recently emerged as a key paradigm in various behavioral science disciplines. In particular it provides powerful tools and a conceptual framework for the analysis of the t...
Application of the Game Theory with Perfect Information to an agricultural company
agronomy economics linear programming methods production efficiency
2014/2/24
This paper deals with the application of Game Theory with Perfect Information to an agricultural economics problem. The goal of this analysis is demonstrating the possibility of obtaining an equilibri...
Game Theory Applications in a Water Distribution Problem
Nash Equilibrium Conflict Resolution Multiobjective Optimization Water Distribution
2013/3/18
A water distribution problem in the Mexican Valley is modeled first as a three-person noncooperative game. Each player has a five-dimensional strategy vector, the strategy sets are defined by 15 linea...
A Reason for Unreason: Returns-Based Beliefs in Game Theory
subjective probabilities decision making cooperation
2012/10/23
Players cooperate in experiments more than game theory would predict. In order to explain this, we introduce the 'returns-based beliefs' approach: the expected returns of a particular strategy in prop...
Demand Side Management for Wind Power Integration in Microgrid Using Dynamic Potential Game Theory
Wind Power Integration Microgrid Game Theory
2012/12/4
We propose a novel demand side management method to tackle the intermittency in wind power generation. Our focus is on an isolated microgrid with one wind turbine, one fastresponding conventional gene...
Socio-Rational Secret Sharing as a New Direction in Both Rational Cryptography and Game Theory
social secret sharing rational secret sharing
2011/7/25
This article is a journey starting at solution concepts in Game Theory, passing through reputation systems in Artificial Intelligence, and ending at a primary primitive in Cryptography.
The Monty Hall Problem in the Game Theory Class
The Monty Hall Problem the Game Theory Class
2011/8/23
Abstract: The basic Monty Hall problem is explored to introduce into the fundamental concepts of the game theory and to give a complete Bayesian and a (noncooperative) game-theoretic analysis of the s...
A satisficing game theory approach for efficiency evaluation with interval data
Production systems Satisficing game theory DEA Performance analysis
2010/9/25
In this study we consider the problem of analyzing the performance of a decision making unit in to two directions: at first stage, we consider resource utilization versus output performance and at sec...
Comparison of Thermodynamic Characteristics in Quantum and Classical Approaches and Game Theory
Comparison Thermodynamic Characteristics Quantum Classical Approaches Game Theory
2010/11/11
We fix the temperature $T$ and consider mean energy and entropy as two players of a game. As a result, basic formulas for the quantum mean energy and the quantum entropy are derived. We compare also t...
Evolutionary game theory in growing populations
Evolutionary game theory growing populations
2010/11/15
Existing theoretical models of evolution focus on the relative fitness advantages of different mutants in a population while the dynamic behavior of the population size is mostly left unconsidered. We...
Information Geometry and Evolutionary Game Theory
Information Geometry Evolutionary Game Theory
2010/4/8
The Shahshahani geometry of evolutionary game theory is realized as the information geometry of the simplex, deriving from the Fisher information metric of the manifold of categorical probability dist...
SIGN4: The 4th Spain-Italy-Netherlands Meeting on Game Theory.
Doves and hawks in economics revisited. An evolutionary quantum game theory-based analysis of financial crises
Doves hawks evolutionary quantum game theory-based
2010/11/1
The last financial and economic crisis demonstrated the dysfunctional long-term effects of aggressive behaviour in financial markets. Yet, evolutionary game theory predicts that under the condition of...