The Experts below are selected from a list of 15222504 Experts worldwide ranked by ideXlab platform

Jianming Shi - One of the best experts on this subject based on the ideXlab platform.

Rajeev R. Bhattacharya - One of the best experts on this subject based on the ideXlab platform.

  • Non-Monotonicity of Equilibrium Price
    Social Science Research Network, 2017
    Co-Authors: Rajeev R. Bhattacharya
    Abstract:

    This paper examines the implications for equilibrium price of a shift in demand and also provides formal characterizations in a general dynamic model of perfect equilibrium, the relation between dominated and dominant strategies, the relation between reversion and generalized reversion strategy profiles, and also of efficiency and temporal deviation-freeness. First, I consider two static Cournot oligopoly models with linear demand, linear costs, and a finite number of firms, and I prove strong non-monotonocity of any equilibrium price. In a stochastically indefinite horizon simultaneous moves Cournot oligopoly model with a countable number of firms, with the discount factors and the demand parameters following general stochastic processes, I prove that for a path which follows a stationary function of the demand parameter and which is sustainable in a strategy profile that is efficient among the set of perfect equilibrium strategy profiles, any equilibrium price is strongly non-monotonic.

  • Non-Monotonicity of Equilibrium Price
    SSRN Electronic Journal, 2017
    Co-Authors: Rajeev R. Bhattacharya
    Abstract:

    This paper examines the implications for equilibrium price of a shift in demand. First, I consider two static Cournot oligopoly models with linear demand, linear costs, and a finite number of firms, and I prove strong Non-Monotonicity of any equilibrium price. In a stochastically indefinite horizon simultaneous moves Cournot oligopoly model with a countable number of firms, with the discount factors and the demand parameters following general stochastic processes, I prove that for a path which follows a stationary function of the demand parameter and which is sustainable in a strategy profile that is efficient among the set of perfect equilibrium strategy profiles, any equilibrium price is strongly non-monotonic.

Benjamin N. Grosof - One of the best experts on this subject based on the ideXlab platform.

  • Non-Monotonicity in Probabilistic Reasoning
    arXiv: Artificial Intelligence, 2013
    Co-Authors: Benjamin N. Grosof
    Abstract:

    We start by defining an approach to non-monotonic probabilistic reasoning in terms of non-monotonic categorical (true-false) reasoning. We identify a type of non-monotonic probabilistic reasoning, akin to default inheritance, that is commonly found in practice, especially in "evidential" and "Bayesian" reasoning. We formulate this in terms of the Maximization of Conditional Independence (MCI), and identify a variety of applications for this sort of default. We propose a formalization using Pointwise Circumscription. We compare MCI to Maximum Entropy, another kind of non-monotonic principle, and conclude by raising a number of open questions

Hirofumi Fukuyama - One of the best experts on this subject based on the ideXlab platform.

M D Voisei - One of the best experts on this subject based on the ideXlab platform.