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We study a seller's optimal mechanism for maximizing revenue when the buyer may present evidence relevant to the buyer … seller, the buyer presents evidence to support his previous assertions, and then the seller makes a take-it-or-leave-it offer … discriminate on the basis of the buyer's evidence. JEL Code: C78, D82, D83. …
Persistent link: https://www.econbiz.de/10009246715
The standard model of optimal deterrence predicts that the probability of wrongful conviction of the innocent is, at the margin, as detrimental to deterrence as the probability of wrongful acquittal of guilty individuals. We extend the model in several directions: using expected utility as well...
Persistent link: https://www.econbiz.de/10010897151
with evidence (Green and Laffont 1986, Bull and Watson 2007), I show that the persuasion problem reduces to a classic …, there always exists an optimal rule which is symmetric: i.e., ex ante equivalent evidence is treated equivalently. When … normality fails, all optimal rules may be asymmetric; in other words, the listener may categorize evidence in an arbitrary …
Persistent link: https://www.econbiz.de/10005747298
A speaker attempts to persuade a listener to accept a request by presenting evidence. A persuasion rule specifies what … evidence is persuasive. This paper compares static and dynamic rules. We present a single linear program (i) whose solution …
Persistent link: https://www.econbiz.de/10010738407
We study a seller's optimal mechanism for maximizing revenue when a buyer may present evidence relevant to her value … mechanism to be deterministic--hence akin to classic third degree price discrimination--independently of non-evidence … characteristics. We also find another sufficient condition depending on both evidence and valuations, whose content is that evidence …
Persistent link: https://www.econbiz.de/10010777681
Im vorliegenden Aufsatz wird ein Begriffskonzept entwickelt, das zum besseren Verständnis des Zusammenspiels der Dynamiken von Ökosystemen und Wirtschaft dient: das Konzept des Bestandes. Der Bestandsbegriff wird allgemein mengentheoretisch formuliert. Die zentrale Eigenschaft eines Bestandes...
Persistent link: https://www.econbiz.de/10009004753