A critical analytic survey of an Asymmetric RD Alliance in Pharmaceutical industry bi parametric study case
David Carfì () and
Alessia Donato ()
Journal of Mathematical Economics and Finance, 2016, vol. 2, issue 1, 21-58
Abstract:
A bounded rational overlay is constructed for a model of an interaction between two players who speculate on oil and the U S dollar subject to nancial transaction taxes This model also has two types of operators a real economic subject Air and an investment bank Bank Many investment operators banks are also considered Their behavior equilibrates much more quickly as they react to the move of Air In this sense Air is an acting external agent such as with an external magnetic eld in a magnetic system whereas the random component of the bounded rational behavior of banks is annealed i e averaged out before Air makes its next transaction Under certain conditions for the model the equilibrium measure for the bank agents after Air has played its strategy is a Gibbs measure from statistical mechanics as the interactions between opera tors are that for a Potential game
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:srs:jmef00:v:2:y:2016:i:1:p:21-58
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