Read full paper at: http://www.scirp.org/journal/PaperInformation.aspx?PaperID=48976#.VJdymcCAM4 Author(s) Indrajit Mallick Affiliation(s) Centre for Studies in Social Sciences, Kolkata, India . ABSTRACT This paper studies the outcomes of independent and interdependent pair-wise contests between economic agents subject to an optimal external decision problem for each pair. The external decision maker like the government or regulator is faced with the problem of how to devise rules and regulations regarding contests. In this paper, a decision problem is faced under negative and positive externalities. A pair of entities is represented by disjoint convex sets in a small area in a neighborhood. I assume that each ...
Scientific Research Publishing