Session TA1 - Théorie des jeux III / Game Theory III
Day Tuesday, May 05, 2009 Room St-Hubert President Guiomar Martín-Herrán
Presentations
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10h30 AM- 10h55 AM |
Exhaustible Resources and Sustained Economic Growth with Non-Scale Effects. The Role of Bilateral Trade |
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Francisco Cabo, Universidad de Valladolid, Economia Aplicada, Avda. Valle Esgueva, 6, Valladolid, Valladolid, Spain, 47011 Guiomar Martín-Herrán, GERAD, Universidad de Valladolid, Economia Aplicada, Avda. Valle Esgueva, 6, Valladolid, Valladolid, Spain, 47011 María del Pilar Martinez-Garcia, Universidad de Murcia, Metodos Cuantitvos para la Economia, Campus del Espinardo, Murcia, Murcia, Spain, 30100 We analyze sustained economic growth of two trading economies, both using a non-renewable resource as a productive "growth-essential" input. Sustained growth is based on innovation, developed in one country and traded in exchange for resource, harvested in its counterpart. The growth rate in each country positively depends on the degree of substitutability of resource for technology. |
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10h55 AM- 11h20 AM |
Parrondian Games |
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Gloria Cerasela Crisan, CIRRELT / ESG, UQAM / University of Bacau, Romania Starting from two losing games, one can devise several combinations of them that are winning. This counter-intuitive property is known as the Parrondo Paradox. The same behavior appears in biology, economy, and finance. Here we present some Parrondian games and give an estimation of the probability of manifesting such behavior. |