The theory of dynastic organisations

Bailey, Kirk James. (2002). The theory of dynastic organisations Honours Thesis, School of Economics, The University of Queensland.

       
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Author Bailey, Kirk James.
Thesis Title The theory of dynastic organisations
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 2002
Thesis type Honours Thesis
Language eng
Subjects 14 Economics
Formatted abstract In applying game theory to overlapping generations (OLG) environments the theory of dynastic organisations involves the technical definition and proofs of various folk theorems. These establish that under certain well defined conditions payoff improving equilibria can be guaranteed in repeated games played by long lived organisations made up of short lived agents. In other words, in games played by dynastic organisations.

The literature that developed OLG games will be surveyed and two papers from that literature examined in depth. Their models will then be used to state folk theorems that will be shown to hold under certain equilibrium strategies that will also be given. Original results extending the second and more general folk theorem's model will then be constructed; this will involve modifications to N organisations, imperfect communication and heterogeneous agents. Ultimately a new and more general OLG games folk theorem is presented, contributing to the literature on dynastic organisations.


 
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Created: Mon, 06 Dec 2010, 13:24:21 EST by Ning Jing on behalf of The University of Queensland Library