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Empirical Game Theoretic Models: Constrained Equilibrium & Simulation

Author

Listed:
  • Armantier, O.
  • Florens, J.-P.
  • Richard, J.-F.
Abstract
We propose an operational concept of Constrained Strategic Equilibrium (CSE) applicable to a broad class of empirical game theoreticmodels with incomplete information. By restricting the players' strategic sets, we can compute solutions from a strategic form of analyis based upon auxiliary Monte Carlo (MC) simulations.

Suggested Citation

  • Armantier, O. & Florens, J.-P. & Richard, J.-F., 1998. "Empirical Game Theoretic Models: Constrained Equilibrium & Simulation," Papers 98.498, Toulouse - GREMAQ.
    • Handle: RePEc:fth:gremaq:98.498
    as

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    Citations

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    Cited by:

    1. Enikő Kácsor, 2021. "Modelling Bidding Behaviour on German Photovoltaic Auctions," Energies, MDPI, vol. 14(2), pages 1-32, January.
    2. Richard, Jean-François, 2000. "Conférence François-Albert Angers (1999). Enchères : théorie économique et réalité," L'Actualité Economique, Société Canadienne de Science Economique, vol. 76(2), pages 173-198, juin.
    3. Patrick Bajari, "undated". "Comparing Competition and Collusion in Procurement Auctions: A Numerical Approach," Working Papers 00003, Stanford University, Department of Economics.
    4. Eklöf, Matias, 2003. "Assessing Social Costs of Inefficient Procurement Design," Working Paper Series 2003:12, Uppsala University, Department of Economics.

    More about this item

    Keywords

    GAME THEORY ; ECONOMETRICS ; STATISTICAL ANALYSIS;
    All these keywords.

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C00 - Mathematical and Quantitative Methods - - General - - - General

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