Unobserved heterogeneity in dynamic games: Cannibalization and preemptive entry of hamburger chains in Canada

University dropout is a politically and economically important factor. While a number of studies address this issue cross-sectionally by analyzing different cohorts, or retrospectively via questionnaires, few of them are truly longitudinal and focus on the individual as the unit of interest. In contrast to these studies, an individual differences perspective is adopted in the present paper. For this purpose, a hands-on introduction to a recently proposed structural equation (SEM) approach to discrete-time survival analysis is provided ( Muthén & Masyn, 2005 ). In a next step, a prospective study with N = 1096 students, observed across four semesters, is introduced. As expected, average university grade proved to be an important predictor of future dropout, while high-school grade-point average (GPA) yielded no incremental predictive validity but was completely mediated by university grade. Accounting for unobserved heterogeneity, three latent classes could be identified with differential predictor-criterion relations, suggesting the need to pay closer attention to the composition of the student population.

Download Full-text

Migration and the Internet

MIGRATION LETTERS ◽

10.33182/ml.v14i3.347 ◽

2017 ◽

Vol 14 (3) ◽

pp. 331-342 ◽

Cited By ~ 6

Author(s):

Thomas John Cooke ◽

Ian Shuttleworth

Keyword(s):

United States ◽

Information And Communication Technologies ◽

Unobserved Heterogeneity ◽

Panel Study ◽

The United States ◽

Negative Effect ◽

Information And Communication ◽

Using Data ◽

And Migration ◽

Dynamics Models

It is widely presumed that information and communication technologies, or ICTs, enable migration in several ways; primarily by reducing the costs of migration. However, a reconsideration of the relationship between ICTs and migration suggests that ICTs may just as well hinder migration; primarily by reducing the costs of not moving. Using data from the US Panel Study of Income Dynamics, models that control for sources of observed and unobserved heterogeneity indicate a strong negative effect of ICT use on inter-state migration within the United States. These results help to explain the long-term decline in internal migration within the United States.

Download Full-text

Local First-Order Algorithms for Constrained Nonlinear Dynamic Games

2020 American Control Conference (ACC) ◽

10.23919/acc45564.2020.9147602 ◽

2020 ◽

Author(s):

Bolei Di ◽

Andrew Lamperski

Keyword(s):

Nonlinear Dynamic ◽

Dynamic Games ◽

First Order

Download Full-text

Noncooperative Game Theory

10.23943/princeton/9780691175218.001.0001 ◽

2017 ◽

Author(s):

João P. Hespanha

Keyword(s):

Game Theory ◽

Computer Science ◽

Dynamic Games ◽

Design Methodology ◽

Noncooperative Game ◽

Noncooperative Game Theory ◽

Original Design ◽

Theoretical Perspectives ◽

Engineering Designs ◽

Zero Sum

This book is aimed at students interested in using game theory as a design methodology for solving problems in engineering and computer science. The book shows that such design challenges can be analyzed through game theoretical perspectives that help to pinpoint each problem's essence: Who are the players? What are their goals? Will the solution to “the game” solve the original design problem? Using the fundamentals of game theory, the book explores these issues and more. The use of game theory in technology design is a recent development arising from the intrinsic limitations of classical optimization-based designs. In optimization, one attempts to find values for parameters that minimize suitably defined criteria—such as monetary cost, energy consumption, or heat generated. However, in most engineering applications, there is always some uncertainty as to how the selected parameters will affect the final objective. Through a sequential and easy-to-understand discussion, the book examines how to make sure that the selection leads to acceptable performance, even in the presence of uncertainty—the unforgiving variable that can wreck engineering designs. The book looks at such standard topics as zero-sum, non-zero-sum, and dynamic games and includes a MATLAB guide to coding. This book offers students a fresh way of approaching engineering and computer science applications.

Download Full-text