A Bidding Game with Heterogeneous Players

2014 ◽  
Vol 163 (3) ◽  
pp. 1018-1048 ◽  
Author(s):  
Alberto Bressan ◽  
Deling Wei
2017 ◽  
Vol 2017 ◽  
pp. 1-12 ◽  
Author(s):  
Shumin Jiang ◽  
Fei Xu ◽  
Zhanwen Ding ◽  
Chen Yang ◽  
Huanhuan Liu

Two different time delay structures for the dynamical Cournot game with two heterogeneous players are considered in this paper, in which a player is assumed to make decision via his marginal profit with time delay and another is assumed to adjust strategy according to the delayed price. The dynamics of both players output adjustments are analyzed and simulated. The time delay for the marginal profit has more influence on the dynamical behaviors of the system while the market price delay has less effect, and an intermediate level of the delay weight for the marginal profit can expand the stability region and thus promote the system stability. It is also shown that the system may lose stability due to either a period-doubling bifurcation or a Neimark-Sacker bifurcation. Numerical simulations show that the chaotic behaviors can be stabilized by the time-delayed feedback control, and the two different delays play different roles on the system controllability: the delay of the marginal profit has more influence on the system control than the delay of the market price.


2017 ◽  
Vol 15 (05) ◽  
pp. 1750034 ◽  
Author(s):  
Haozhen Situ ◽  
Ramón Alonso-Sanz ◽  
Lvzhou Li ◽  
Cai Zhang

Recently, the first conflicting interest quantum game based on the nonlocality property of quantum mechanics has been introduced in A. Pappa, N. Kumar, T. Lawson, M. Santha, S. Y. Zhang, E. Diamanti and I. Kerenidis, Phys. Rev. Lett. 114 (2015) 020401. Several quantum games of the same genre have also been proposed subsequently. However, these games are constructed from some well-known Bell inequalities, thus are quite abstract and lack of realistic interpretations. In the present paper, we modify the common interest land bidding game introduced in N. Brunner and N. Linden, Nat. Commun. 4 (2013) 2057, which is also based on nonlocality and can be understood as two companies collaborating in developing a project. The modified game has conflicting interest and reflects the free rider problem in economics. Then we show that it has a fair quantum solution that leads to better outcome. Finally, we study how several types of paradigmatic noise affect the outcome of this game.


Author(s):  
Shreekant W Shiralkar
Keyword(s):  

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