Exact(59)
For each game, we define payoff functions that correspond to the model objectives.
To do this, the payoff functions of each player should be changed in order to make it unprofitable for anyone to defect.
In the case of the example given above, the payoff functions of each individual would change if there were a fine for watering the garden during a drought.
We develop identifiability conditions that are sufficient for a folk theorem; these conditions imply that there are PPXE in which the payoffs are approximately the same as if the monitoring structure and payoff functions were known.
This paper studies repeated games with imperfect public monitoring where the play- ers are uncertain both about the payoff functions and about the relationship between the distribution of signals and the actions played.
We used statistical and econometric regression methods to formulate payoff functions of the players, economic valuation methods (EVMs) to transform non-monetary value into economic one, cost-benefit Analysis (CBA) to compare the game outcomes, and scenario analysis to investigate the future uncertainties.
The payoff functions are upper semicontinuous.
SUs define their spectrum demands by maximizing their payoff functions.
These games also have right-sided semi-open real intervals and continuous payoff functions.
The analysis in the previous section shows that the supervisors' payoff functions are not everywhere concave.
In an option-exercise game with full information, the firms' payoff functions are general knowledge.
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