DocumentCode
119949
Title
The application of the game theory on microeconomic problems illustrations
Author
Sagi, Andras ; Pataki, Eva
Author_Institution
Fac. of Econ., Novi Sad Univ., Subotica, Serbia
fYear
2014
fDate
11-13 Sept. 2014
Firstpage
193
Lastpage
196
Abstract
In this work the authors present and analyze some possibilities of applying the game theory to solve economic problems, primarily microeconomic ones. The first example to illustrate the applications of the game theory gives the solution of alternatives of two companies for computer production in strategic decision-making for using the joint operative system. Alternative possibilities of companies´ decision-making and repercussions of their decisions on companies´ profit have been considered in the variant both of imperfect and perfect information of companies (players). In the second part of the work, authors analyze possibilities to attain the Nash equilibrium, according to the minimax criterion on the well-known example of the so-called prisoner´s dilemma. At the end, by the application of the game theory, an answer is looked for the question why the people do not pay tax voluntarily; the authors also consider the duopolist´s dilemma on decision-making about to give up cartels.
Keywords
DP industry; decision making; game theory; microeconomics; minimax techniques; oligopoly; Nash equilibrium; company profit; computer production companies; decisions repercussions; duopolist dilemma; game theory; imperfect information; joint operative system; microeconomic problems; minimax criterion; perfect information; prisoner dilemma; strategic decision-making; tax; Companies; Computers; Games; Microeconomics; Nash equilibrium; Nash equilibrium; diagram of the game branches; game theory; minimax criterion; prisoner” dilemma;
fLanguage
English
Publisher
ieee
Conference_Titel
Intelligent Systems and Informatics (SISY), 2014 IEEE 12th International Symposium on
Conference_Location
Subotica
Type
conf
DOI
10.1109/SISY.2014.6923584
Filename
6923584
Link To Document