This note demonstrates epsilon equilibria in the first-price auction that achieve lower worst-case expected revenues than the lower bound proposed by Turocy (“Auction Choice for Ambiguity-Averse Sellers Facing Strategic Uncertainty,” Games and Economic Behavior 62, pp. 155–179, 2008). Additionally, it stresses the importance of a careful specification of the action space to properly characteriz...

Many discrete choice contexts in transportation deal with large choice sets, including destination, route, and vehicle choices. Model estimation with large numbers of alternatives remains computationally expensive. In the context of the multinomial logit (MNL) model, limiting the number of alternatives in estimation by simple random sampling (SRS) yields consistent parameter estimates, but esti...

Reviewing the business niche theory, this paper discusses the application in strategic management. Health of a company heavily depends on the harmony of its intra-ecology that has effect on strategy. Also the external surrounding is a significant factor which affects the company’s strategic choice. A strategy of dislocation development will reduce direct competition and enhance collaboration. A...

We introduce a logic specifically designed to support reasoning about social choice functions. The logic includes operators to capture strategic ability, and operators to capture agent preferences. We establish a correspondence between formulae in the logic and properties of social choice functions, and show that the logic is expressively complete with respect to social choice functions, i.e., ...

We propose a new perspective on PDL as a multi-agent strategic logic (MASL). This logic for strategic reasoning has group strategies as first class citizens, and brings game logic closer to standard modal logic. We show that MASL can express key notions of game theory, social choice theory and voting theory in a natural way. We then present a sound and complete proof system for MASL. We end by ...

A sophisticated player is an individual who takes the action of the opponents, in a strategic situation, as determined by decision of rational opponents, and acts accordingly. A sophisticated agent is rational in the choice of his action, but ignores the fact that he is part of a strategic situation. We discuss a notion of equilibrium with sophisticated agents, we provide conditions for its exi...

The aim of this paper is to analyze the institutional economics of co-operation and the political economy of trust. It is reviewed the transactions costs, the principal-agent theory, market power, increasing-returns theory and value creation, strategic management, competitive forces, resource-based theory, organizational knowledge and learning, strategic choice theory and the collective efficie...

The application of game theory—and an alternative strategic theory called “theory of moves”—and social-choice theory to a wide variety of strategic situations, principally but not exclusively in politics, will be studied. Uses of strategy in voting in committees and elections, in political campaigns, in the defense and deterrence policies of nations, and in bargaining and coalition-building sit...

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INTRODUCTION THE CHEMICAL THREAT AND ENEMY CAPABILITY THE STATUS OF CHEMICAL PROLIFERATION Chemical Warfare Capabilities of Nations International Agreements and Verification Terrorism MILITARY CHEMICAL AGENTS TACTICAL AND STRATEGIC USE OF CHEMICAL WEAPONS Chemical Agent Delivery Systems Physical Properties of Chemical Agents Strategic Concerns in the Use of Toxins Choice of Agent and Delivery S...