We introduce Weakest Link Games (WLGs), a cooperative game modeling domains where a team’s value is determined by its weakest member. The game is represented as an edgeweighted graph with designated source and target vertices, where agents are the edges. The quality of a path between the source vertex and target vertex is the minimal edge weight along the path; the value of a coalition of edges...

Business incubators and venture capital are effective instruments for supporting the development of new firms. The purpose of this paper is to explore cooperation mechanisms between business incubators and venture capitalists and find the equilibriums of the mechanisms. Also, this paper puts forward three mechanisms, revenue sharing mechanism, cost sharing mechanism and knowledge sharing mechan...

We consider a supply chain involving one supplier and one retailer in which a revenuesharing contract is adopted. Under this contract, the retailer can obtain the product from the supplier at a discounted price. As a compensation, the retailer must share his revenue with the supplier at a certain revenue-sharing rate, say r (0 ≤ r ≤ 1), where r represents the portion of the revenue to be kept b...

This paper aims at the exploration of the questions connected with the effects of uncertainty and risk in agriculture and, generally, in each economic sector where risk considerations are established. The aim of the first part is to give the key features for the estimation of production structures using dual approach and risk prevalence. In order to state risk non-neutrality into the implemente...

I study a budget-constrained, private-valuation, sealed-bid sequential auction with two incompletely-informed, risk-neutral bidders in which the valuations and income may be non-monotonic functions of a bidder’s type. Parameters permit the existence of multiple equilibrium symmetric bidding functions that differ in allocation, efficiency and revenue. The sequence of sale affects the competition...

We study revenue-maximizing allocation mechanisms for multiple heterogeneous objects when buyers care about the entire allocation, and not just about the ones they obtain. Buyers’ payoff depends on their cost parameter and, possibly, on their competitors’ costs. Costs are independently distributed across buyers, and both the buyers and the seller are risk-neutral. The formulation allows for com...

in this paper, we examine influence oil shocks on macroeconomic variables and dutch disease phenomena when these variables encountered positive oil revenue shocks. statistical model which is copula approach is used to show when iran's macroeconomic variables encountered positive oil revenue casus dutch disease and oil revenue has non-symmetric influence on the growth economic. in another w...

This paper outlines how the theory of contests is applied to professional team sports leagues. In the first part, we present the traditional Tullock contest and explain some basic properties of the equilibrium. We will then extend this static contest to a two-period model in order to analyze dynamic aspects of contests. In the second part, we will present applications of contest theory in sport...

Although fiscal policies of central governments sometimes provide modest insurance against regional income shocks, this paper shows that procyclical fiscal policy among provincial governments can easily overwhelm these stabilizing effects. We examine the cyclicality of budget items among provincial governments in seven federations, showing that own-source taxes are generally highly procyclical,...