This week “The Economist explains” is given over to economics. For each of six days until Saturday this blog will publish a short explainer on a seminal idea. ECONOMISTS can usually explain the past ...
The concept of Nash equilibrium has long served as a cornerstone in game theory, characterising a state where no player can benefit by changing their strategy unilaterally. Recent advancements have ...
Kohlberg, E. "Refinement of Nash Equilibrium: The Main Ideas." In Game Theory and Applications, edited by T. Ichiishi, A. Neyman, and Y. Tauman. San Diego: Academic ...
FinanzArchiv / Public Finance Analysis, Vol. 63, No. 2 (June 2007), pp. 278-284 (7 pages) In identifying the free riders in the voluntary provision of a pure public good, Andreoni and McGuire (1993) ...
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