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October 29, 2014
October 23, 2014
Daniel F. Garrett
October 21, 2014
Frédéric Cherbonnier, and Emmanuel Thibault
October 9, 2014
Nicolas Treich
October 7, 2014
Adrien Blanchet, and Guillaume Carlier
vol. 372, n. 2028, October 6, 2014
The notion of Nash equilibria plays a key role in the analysis of strategic interactions in the framework of N player games. Analysis of Nash equilibria is however a complex issue when the number of players is large. In this article, we emphasize the role of optimal transport theory in (i) the...
Augustin Landier
October 2, 2014
Ryan Chahrour, and Justine Svec
vol. 41, September 2014, pp. 178–198
This paper analyzes the impact of consumer uncertainty on optimal fiscal policy in a model with capital. The consumers lack confidence about the probability model that characterizes the stochastic environment and so apply a max-min operator to their optimization problem. An altruistic fiscal...
Alain Bensoussan, Jens Frehse, and Christine Grün
vol. 13, September 2014, pp. 1719–1736
We consider a non zero sum stochastic differential game with a maximum n players, where the players control a diffusion in order to minimise a certain cost functional. During the game it is possible that present players may die or new players may appear. The death, respectively the birth time of a...
Luis Cabral, and David Salant
vol. 36, September 2014, pp. 48–56
The EU mandated a single standard for second generation wireless telecommunications, whereas the US allowed several incompatible standards to battle for market share. Motivated by this example, we argue that a single standard leads to a free riding problem, and thus to a significant decrease in...