Search Results - subject:"revelation"

The relationship between Mathematical Utility Theory and the Integrability Problem: some arguments in favour

Alcantud, J. C. R.; Bosi, G.; Rodríguez-Palmero, C.; … - EconWPA - 2003

The resort to utility-theoretical issues will permit us to propose a constructive procedure for deriving a homogeneous of degree one, continuous function that gives raise to a primitive demand function under suitably mild conditions. This constitutes the first elementary proof of a necessary and...

Persistent link: https://www.econbiz.de/10005135019

Strategic Behavior and Information Revelation in Dynamic Auctions

Wang, Ruqu - 1991

Persistent link: https://www.econbiz.de/10011940469

Strategic Behavior and Information Revelation in Dynamic Auctions

Wang, Ruqu - Economics Department, Queen's University - 1991

Persistent link: https://www.econbiz.de/10005497233

Incentive contrats and strictly proper scoring rules

Clemen, Robert - In: TEST: An Official Journal of the Spanish Society of … 11 (2002) 1, pp. 167-189

Persistent link: https://www.econbiz.de/10005759562

The Calculus of Stonewalling

Glazer, Amihai; Hassin, Refael - In: Journal of Theoretical Politics 13 (2001) 4, pp. 413-424

We consider a politician's choice of whether to be evaluated, either by subjecting himself to a detailed interview or by asking for the appointment of a special prosecutor. If politicians are risk-neutral, then in equilibrium all choose to be evaluated. If politicians are risk-averse, then...

Persistent link: https://www.econbiz.de/10010777847

Strategic Information Revelation and Revenue Sharing in an R&D Race

Jansen, Jos - Abteilung "Wettbewerbsfähigkeit und industrieller … - 2001

Firms learn imperfectly about their cost of investment. We study how this information affects firms' incentives to invest in R&D by comparing investments and profits under public and private information. Revenue sharing between the winner and loser of the race, e.g. through licensing contracts,...

Persistent link: https://www.econbiz.de/10005772953

Perjury versus Truth-Revelation: Quantity or Quality of Testimony

Emons, Winand - Department Volkswirtschaftlehre, Universität Bern - 2001

higher quality. We show that a court striving for precision prefers truth-revelation to perjury. If the court is rational in … the Bayesian sense, chances for the defendant to prevail are the same under perjury and truth-revelation from an ex ante … point of view. Truth-revelation thus dominates perjury even when the lower quantity of testimony is taken into account. …

Persistent link: https://www.econbiz.de/10005812729

Pricing, learning, and strategic behavior in a single-sale model

Serio, Virginia Vera de; Chade, Hector - In: Economic Theory 19 (2002) 2, pp. 333-353

We analyze an infinite horizon model where a seller who owns an indivisible unit of a good for sale has incomplete information about the state of the world that determines not only the demand she faces but also her own valuation for the good. Over time, she randomly meets potential buyers who...

Persistent link: https://www.econbiz.de/10005596674

original papers : Implementation with partial verification

Singh, Nirvikar; Wittman, Donald - In: Review of Economic Design 6 (2001) 1, pp. 63-84

revelation principle to continue to hold with partial verification. We provide economically interesting characterizations of this …

Persistent link: https://www.econbiz.de/10005178678

Speculative securities

Rahi, Rohit; Marín, José M. - In: Economic Theory 14 (1999) 3, pp. 653-668

A speculative security is an asset whose payoff depends in part on a random shock uncorrelated with economic fundamentals (a sunspot) about which some traders have superior information. In this paper we show that agents may find it desirable to trade such a security in spite of the fact that it...

Persistent link: https://www.econbiz.de/10005371082