MATHEMATICAL FORMALIZATION OF INSTITUTIONS

The article proposes the way of mathematical formalization of institutions in the framework of game-theory approach. The rules are represented by transpositions of payoffs in payment matrix. Such the transitions call the change the structure of game equilibriums. This approach allows separation of c...

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Autor principal:	A. Yu. Obydenov
Formato:	article
Lenguaje:	RU
Publicado:	Real Economics Publishing House 2018
Materias:	institutions rules game theory payoff transposition matrix parametric management Risk in industry. Risk management HD61
Acceso en línea:	https://doaj.org/article/9ca094156c6746649729dd35de245dda
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id	oai:doaj.org-article:9ca094156c6746649729dd35de245dda
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spelling	oai:doaj.org-article:9ca094156c6746649729dd35de245dda2021-11-19T10:42:00ZMATHEMATICAL FORMALIZATION OF INSTITUTIONS2618-947X2618-998410.17747/2078-8886-2018-4-54-57https://doaj.org/article/9ca094156c6746649729dd35de245dda2018-12-01T00:00:00Zhttps://www.jsdrm.ru/jour/article/view/800https://doaj.org/toc/2618-947Xhttps://doaj.org/toc/2618-9984The article proposes the way of mathematical formalization of institutions in the framework of game-theory approach. The rules are represented by transpositions of payoffs in payment matrix. Such the transitions call the change the structure of game equilibriums. This approach allows separation of coordination and distribution aspects of institutions, division institutions into classes and distinguishing aggregateс of institutions, which produce identical transformation. Through evolutionary game theory formalism it is shown that such parametric management influences the structure of steady states, what allows investigation of institutions’ influence on self-organization, in particular, through transformation of topology of phase portrait of the system. In accordance with the fact that dynamic with multiple steady states is typical for coordination problem as a whole, an approach suggested of the rules formalization appears to have rather broad application.A. Yu. ObydenovReal Economics Publishing House articleinstitutionsrulesgame theorypayoff transpositionmatrixparametric managementRisk in industry. Risk managementHD61RU Strategičeskie Rešeniâ i Risk-Menedžment, Vol 0, Iss 4, Pp 54-57 (2018)
institution	DOAJ
collection	DOAJ
language	RU
topic	institutions rules game theory payoff transposition matrix parametric management Risk in industry. Risk management HD61
spellingShingle	institutions rules game theory payoff transposition matrix parametric management Risk in industry. Risk management HD61 A. Yu. Obydenov MATHEMATICAL FORMALIZATION OF INSTITUTIONS
description	The article proposes the way of mathematical formalization of institutions in the framework of game-theory approach. The rules are represented by transpositions of payoffs in payment matrix. Such the transitions call the change the structure of game equilibriums. This approach allows separation of coordination and distribution aspects of institutions, division institutions into classes and distinguishing aggregateс of institutions, which produce identical transformation. Through evolutionary game theory formalism it is shown that such parametric management influences the structure of steady states, what allows investigation of institutions’ influence on self-organization, in particular, through transformation of topology of phase portrait of the system. In accordance with the fact that dynamic with multiple steady states is typical for coordination problem as a whole, an approach suggested of the rules formalization appears to have rather broad application.
format	article
author	A. Yu. Obydenov
author_facet	A. Yu. Obydenov
author_sort	A. Yu. Obydenov
title	MATHEMATICAL FORMALIZATION OF INSTITUTIONS
title_short	MATHEMATICAL FORMALIZATION OF INSTITUTIONS
title_full	MATHEMATICAL FORMALIZATION OF INSTITUTIONS
title_fullStr	MATHEMATICAL FORMALIZATION OF INSTITUTIONS
title_full_unstemmed	MATHEMATICAL FORMALIZATION OF INSTITUTIONS
title_sort	mathematical formalization of institutions
publisher	Real Economics Publishing House
publishDate	2018
url	https://doaj.org/article/9ca094156c6746649729dd35de245dda
work_keys_str_mv	AT ayuobydenov mathematicalformalizationofinstitutions
_version_	1718420208637444096

MATHEMATICAL FORMALIZATION OF INSTITUTIONS

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