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Wage bargaining with discount rates varying in time under different strike decisions

Ahmet ozkardas, Agnieszka rusinowska (2014)

RAIRO - Operations Research - Recherche Opérationnelle

We present a non-cooperative union-firm wage bargaining model in which the union must choose between strike and holdout if a proposed wage contract is rejected. The innovative element that our model brings to the existing literature on wage bargaining concerns the parties’ preferences which are not expressed by constant discount rates, but by sequences of discount factors varying in time. First, we determine subgame perfect equilibria if the strike decision of the union is exogenous. We analyze...

Weak infinitesimal operators and stochastic differential games.

Ramón Ardanuy, A. Alcalá (1992)

Stochastica

This article considers the problem of finding the optimal strategies in stochastic differential games with two players, using the weak infinitesimal operator of process xi the solution of d(xi) = f(xi,t,u1,u2)dt + sigma(xi,t,u1,u2)dW. For two-person zero-sum stochastic games we formulate the minimax solution; analogously, we perform the solution for coordination and non-cooperative stochastic differential games.

Weakly α-favourable measure spaces

David Fremlin (2000)

Fundamenta Mathematicae

I discuss the properties of α-favourable and weakly α-favourable measure spaces, with remarks on their relations with other classes.

Weighted entropies

Bruce Ebanks (2010)

Open Mathematics

We present an axiomatic characterization of entropies with properties of branching, continuity, and weighted additivity. We deliberately do not assume that the entropies are symmetric. The resulting entropies are generalizations of the entropies of degree α, including the Shannon entropy as the case α = 1. Such “weighted” entropies have potential applications to the “utility of gambling” problem.

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