Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 3 of 3
Full-Text Articles in Life Sciences
Incorporating Fairness Motives Into The Impulse Balance Equilibrium And Quantal Response Equilibrium Concepts: An Application To 2x2 Games, Alessandro Tavoni
Incorporating Fairness Motives Into The Impulse Balance Equilibrium And Quantal Response Equilibrium Concepts: An Application To 2x2 Games, Alessandro Tavoni
Alessandro Tavoni
Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts which perform better empirically; one such example is the impulse balance equilibrium (Selten, Chmura, 2008), which introduces a psychological reference point to which players compare the available payoff allocations. This paper is concerned with advancing two new, empirically sound, concepts: equity-driven impulse balance equilibrium (EIBE) and equity-driven quantal response equilibrium (EQRE): both introduce a distributive reference point to …
How Fast Is The World's Center Of Co2 Emissions Moving Eastwards?, Nicole Andréa Mathys, Grether Jean-Marie
How Fast Is The World's Center Of Co2 Emissions Moving Eastwards?, Nicole Andréa Mathys, Grether Jean-Marie
Nicole Andréa Mathys
Borrowing from physics the concept of center of mass and applying it to the distribution of CO2 anthropogenic sources provided by the EDGAR data base, we can draw on the Earth’s surface the trajectory of the world’s pollution center of gravity over the 1970-2005 period. It is strongly heading to the East, and more so than GDP, which suggests that Asian production is getting more CO2 intensive than Western production.
A Public Choice Framework For Controlling Transmissable And Evolving Diseases, Ted C. Bergstrom, Carl T. Bergstrom, Ben Althouse
A Public Choice Framework For Controlling Transmissable And Evolving Diseases, Ted C. Bergstrom, Carl T. Bergstrom, Ben Althouse
Ted C Bergstrom
Control measures used to limit the spread of infectious disease often generate externalities. Vaccination for transmissible diseases can re- duce the incidence of disease even among the unvaccinated, whereas antimicrobial chemotherapy can lead to the evolution of antimicro- bial resistance and thereby limit its own e#11;ectiveness over time. We integrate the economic theory of public choice with mathematical models of infectious disease to provide quantitative framework for making allocation decisions in the presence of these externalities. To illustrate, we present a series of examples: vaccination for tetanus, vaccination for measles, antibiotic treatment of otitis media, and antiviral treatment of pandemic …