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Blackmailing lobbyists
Schneider, Maik T. - 2010
Persistent link: https://www.econbiz.de/10008907299
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Endogenous public information and welfare
Vives, Xavier - 2011
Persistent link: https://www.econbiz.de/10009238491
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Endogenous public information and welfare
Vives, Xavier - 2011
This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...
Persistent link: https://www.econbiz.de/10009153832
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Economic harmony : a rational theory of fairness and cooperation in strategic interactions
Suleiman, Ramzi - In: Games 13 (2022) 3, pp. 1-21
theory (EH). In EH, we retained the rationality principle but modified the players' utilities by defining them as functions … game theory predictions. However, those models are short of providing a general theory of behavior in economic interactions …. In two previous articles, we proposed a rational theory of behavior in non-cooperative games, termed Economic Harmony …
Persistent link: https://www.econbiz.de/10013252726
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When Rationality and Fairness Conflict : The Role of Cognitive-Control in the Ultimatum Game
Halali, Eliran; Bereby-Meyer, Yoella; Meiran, Nachshon - 2011
The ultimatum game models social exchange in situations in which the rational motive to maximize gains conflicts with fairness considerations. Using two independent behavioral measurements, the authors tested two contradicting predictions: that the preference for fairness is a deliberative...
Persistent link: https://www.econbiz.de/10014181014
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Equal Status in Ultimatum Games Promotes Rationality
Han, Xiao - 2016
simultaneously both roles. We observe that acceptance levels of responders approach rationality and proposers accommodate their …
Persistent link: https://www.econbiz.de/10012981005
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Equilibrium and efficiency in the tug-of-war
Konrad, Kai A.; Kovenock, Daniel J. - 2006
We characterize the unique Markov perfect equilibrium of a tug-of-war without exogenous noise, in which players have the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in which the player expending the greater resources wins. In...
Persistent link: https://www.econbiz.de/10010365876
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Coalitional games with veto players : myopic and rational behavior
Arin, Javier; Feltkamp, Vincent; Montero, María - 2012
This paper studies a noncooperative allocation procedure for coalitional games with veto players. The procedure is similar to the one presented by Dagan et al. (1997) for bankruptcy problems. According to it, a player, the proposer, makes a proposal that the remaining players must accept or...
Persistent link: https://www.econbiz.de/10009578191
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Bilateral trade with a benevolent intermediary
Eilat, Ran; Pauzner, Ady - 2023
Persistent link: https://www.econbiz.de/10014365304
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Commitment without reputation : renegotiation-proof contracts under asymmetric information
Gerratana, Emanuele; Koçkesen, Levent - 2013
This paper characterizes equilibrium outcomes of extensive form games with incomplete information in which players can sign renegotiable contracts with third-parties. Our aim is to understand the extent to which third-party contracts can be used as commitment devices when it is impossible to...
Persistent link: https://www.econbiz.de/10010222351