25,851 research outputs found
Computing large market equilibria using abstractions
Computing market equilibria is an important practical problem for market
design (e.g. fair division, item allocation). However, computing equilibria
requires large amounts of information (e.g. all valuations for all buyers for
all items) and compute power. We consider ameliorating these issues by applying
a method used for solving complex games: constructing a coarsened abstraction
of a given market, solving for the equilibrium in the abstraction, and lifting
the prices and allocations back to the original market. We show how to bound
important quantities such as regret, envy, Nash social welfare, Pareto
optimality, and maximin share when the abstracted prices and allocations are
used in place of the real equilibrium. We then study two abstraction methods of
interest for practitioners: 1) filling in unknown valuations using techniques
from matrix completion, 2) reducing the problem size by aggregating groups of
buyers/items into smaller numbers of representative buyers/items and solving
for equilibrium in this coarsened market. We find that in real data
allocations/prices that are relatively close to equilibria can be computed from
even very coarse abstractions
Knowledge, learning, networks and performance of firms in knowledge-based economies
The paper examines the issue of knowledge as a public good, and, therefore, the question of open knowledge. Moreover, it analyses the crucial relationship between knowledge and learning and, more specifically, the relationship between technological knowledge, learning and the environment. Thus the construct of absorptive capacity is investigated and the related dynamic capability approach is also considered. Finally, the paper looks at the networks and investigate the rationale of networking. Therefore, in this context, the paper discusses the issue of competition/collaboration duality, since alliance is also a complex phenomenon, where collaborative behaviours and competitive relations coexist; a more eclectic view is, thus, offered on this issue with the aim to provide a new theoretical framework of inter-firm relations.Firms; Knowledge; Learning; Networks
Evolutionary games on graphs
Game theory is one of the key paradigms behind many scientific disciplines
from biology to behavioral sciences to economics. In its evolutionary form and
especially when the interacting agents are linked in a specific social network
the underlying solution concepts and methods are very similar to those applied
in non-equilibrium statistical physics. This review gives a tutorial-type
overview of the field for physicists. The first three sections introduce the
necessary background in classical and evolutionary game theory from the basic
definitions to the most important results. The fourth section surveys the
topological complications implied by non-mean-field-type social network
structures in general. The last three sections discuss in detail the dynamic
behavior of three prominent classes of models: the Prisoner's Dilemma, the
Rock-Scissors-Paper game, and Competing Associations. The major theme of the
review is in what sense and how the graph structure of interactions can modify
and enrich the picture of long term behavioral patterns emerging in
evolutionary games.Comment: Review, final version, 133 pages, 65 figure
Selection theorem for systems with inheritance
The problem of finite-dimensional asymptotics of infinite-dimensional dynamic
systems is studied. A non-linear kinetic system with conservation of supports
for distributions has generically finite-dimensional asymptotics. Such systems
are apparent in many areas of biology, physics (the theory of parametric wave
interaction), chemistry and economics. This conservation of support has a
biological interpretation: inheritance. The finite-dimensional asymptotics
demonstrates effects of "natural" selection. Estimations of the asymptotic
dimension are presented. After some initial time, solution of a kinetic
equation with conservation of support becomes a finite set of narrow peaks that
become increasingly narrow over time and move increasingly slowly. It is
possible that these peaks do not tend to fixed positions, and the path covered
tends to infinity as t goes to infinity. The drift equations for peak motion
are obtained. Various types of distribution stability are studied: internal
stability (stability with respect to perturbations that do not extend the
support), external stability or uninvadability (stability with respect to
strongly small perturbations that extend the support), and stable realizability
(stability with respect to small shifts and extensions of the density peaks).
Models of self-synchronization of cell division are studied, as an example of
selection in systems with additional symmetry. Appropriate construction of the
notion of typicalness in infinite-dimensional space is discussed, and the
notion of "completely thin" sets is introduced.
Key words: Dynamics; Attractor; Evolution; Entropy; Natural selectionComment: 46 pages, the final journal versio
Group-Oriented Values, Rules and Cooperation
collectivism, cooperation, economic development, game theory, individualism, institutions, conflicts
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