Browsing by Subject "Dynamic game"

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    On creating and claiming value in negotiations
    (Springer Netherlands, 2001) Bac, M.
    This paper presents a negotiation model that includes value creation. It shows that creative negotiation efforts tend to intensify toward the deadline, and that the deadline is determined endogenously by the tension between two motives, creating more value and claiming from existing value. When the parties can present "misleading" offers in order to claim rather than create value, the outcome in early negotiation rounds may display an impasse where any proposal is rejected without inspection, while negotiation activities such as value creation through "sincere" offers and inspection of clauses intensify toward the deadline.
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    Swarming behavior as Nash equilibrium
    (Elsevier, 2012-09) Özgüler, A. Bülent; Yıldız, Aykut
    The question of whether swarms can form as a result of a non-cooperative game played by individuals is shown here to have an affirmative answer. A dynamic game played by N agents in one-dimensional motion is introduced and models, for instance, a foraging ant colony. Each agent controls its velocity to minimize its total work done in a finite time interval. The game is shown to have a Nash equilibrium that has all the features of a swarm behavior. © 2012 IFAC.