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Expected Worth for 2 × 2 Matrix Games with Variable Grid Sizes

Michael Powers (), Martin Shubik and Wen Wang ()
Additional contact information
Wen Wang: Nankai University

No 2039R, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: We offer a detailed examination of a broad class of 2 x 2 matrix games as a first step toward considering measures of resource distribution and efficiency of outcomes. In the present essay, only noncooperative equilibria and entropic outcomes are considered, and a crude measure of efficiency employed. Other solution concepts and the formal construction of an efficiency index will be addressed in a companion paper.

Keywords: 2 × 2 matrix games; efficiency; coordination; worth of coordination (search for similar items in EconPapers)
JEL-codes: C63 C72 D61 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth
Date: 2016-10
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Working Paper: Expected Worth for 2 × 2 Matrix Games with Variable Grid Sizes (2016) Downloads
Working Paper: Expected Worth for 2 × 2 Matrix Games with Variable Grid Sizes (2016) Downloads
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