Proceedings ArticleDOI
The application of the game theory on microeconomic problems illustrations
Andras Sagi,Eva Pataki +1 more
- pp 193-196
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TLDR
By the application of the game theory, an answer is looked for the question why the people do not pay tax voluntarily and the duopolist's dilemma on decision-making about to give up cartels is considered.Abstract:
In this work the authors present and analyze some possibilities of applying the game theory to solve economic problems, primarily microeconomic ones. The first example to illustrate the applications of the game theory gives the solution of alternatives of two companies for computer production in strategic decision-making for using the joint operative system. Alternative possibilities of companies' decision-making and repercussions of their decisions on companies' profit have been considered in the variant both of imperfect and perfect information of companies (players). In the second part of the work, authors analyze possibilities to attain the Nash equilibrium, according to the minimax criterion on the well-known example of the so-called prisoner's dilemma. At the end, by the application of the game theory, an answer is looked for the question why the people do not pay tax voluntarily; the authors also consider the duopolist's dilemma on decision-making about to give up cartels.read more
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Journal ArticleDOI
Grundzüge der mikroökonomischen Theorie. Bespr. von Rashwan Mahfouz
TL;DR: In this article, Lauschmann et al. discuss the relationship between specific air pollutants and specific losses in economic functions, i.e., damage function indicating the quanti tative relationship between particular air pollution and specific economic functions.
Journal ArticleDOI
Applying Game Theory to Mortgage Framework
Abdul Shukur Abu Hasan,Nurulhuda Firdaus Mohd Azmi,Nilam Nur Amir Sjarif,Haslina Md Sarkan,Yazriwati Yahya,Suraya Yaacob +5 more
TL;DR: In this paper, the authors proposed using game theory to predict probable outcomes in strategic interactions for BR revision and Monte Carlo Simulation (MCS) to weigh the probabilities of the contributing factors.
References
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Book
Intermediate microeconomics : A modern approach
TL;DR: The Varian approach as mentioned in this paper gives students tools they can use on exams, in the rest of their classes, and in their careers after graduation, and is still the most modern presentation of the subject.
Book
Microeconomics: A Modern Approach
TL;DR: In this article, the authors discuss the origins of the Free Market and Interventionist Ideologies and the role of government in the emergence of class conflict and class struggle in the United States.
Journal ArticleDOI
Grundzüge der mikroökonomischen Theorie. Bespr. von Rashwan Mahfouz
TL;DR: In this article, Lauschmann et al. discuss the relationship between specific air pollutants and specific losses in economic functions, i.e., damage function indicating the quanti tative relationship between particular air pollution and specific economic functions.