Commit or Not? <scp>How Blockchain Consortia form and Develop</scp>

TO COMMIT or NOT TO COMMIT ?

To Commit or Not to Commit: Endogenous Timing in Experimental Duopoly Markets

In this paper, we experimentally investigate the extended game with action commitment of Hamilton and Slutsky (1990). In their duopoly game, ...rms can choose their quantities in one of two periods before the market clears. If a ...rm commits to a quantity in period 1 it does not know whether the other ...rm also commits early. By waiting until period 2, a ...rm can observe the other ...rm’s pe...

To Commit or Not to Commit: Modeling Agent Conversations for Action

Conversations are sequences of messages exchanged among interacting agents. For conversations to be meaningful, agents ought to follow commonly known specifications limiting the types of messages that can be exchanged at any point in the conversation. These specifications are usually implemented using conversation policies (which are rules of inference) or conversation protocols (which are pred...

To Commit or Not to Commit: Revisiting Quantity vs. Price Competition in a Differentiated Industry

Professors Nasser and Turcic designed a model using game theory to analyze different types of firms, their supply chain options, and the choices they make when it comes to controlling output. Firms fall into one of three categories based on product differentiation in their industry: low, intermediate, or high product differentiation. Findings show that competing firms in an industry with low pr...

Bitcoin: Bubble or Blockchain

This paper sets out a brief, deliberately non-technical, overview of Bitcoin, a new, but becoming more mainstream, crypto currency, generated and managed by a distributed multi–agent system. Bitcoin was developed in late 2008 by “Satoshi Nakamoto”. The nature of Bitcoin as a disruptive currency, payments system and asset, is juxtaposed against the potential for its transactional ledger, the blo...