Counter-intuitive results in game theory |
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Authors: | Donald Wittman |
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Affiliation: | 1. University of California, Santa Cruz, CA 95064 USA |
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Abstract: | General comparative game statics results are derived in order to provide testable hypotheses in game-like situations. These results run counter to ordinary economic intuition. It becomes necessary to initially define whether a situation represents perfect competition or monopoly on the one hand or a game-like situation on the other hand because these different assumptions lead to greatly differing results. Several empirical applications of the theory are suggested. |
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