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Schneider, Maik T. - 2010

Persistent link: https://www.econbiz.de/10008907299

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

Endogenous public information and welfare

Vives, Xavier - 2011

Persistent link: https://www.econbiz.de/10009238491

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

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

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

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

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

Bilateral trade with a benevolent intermediary

Eilat, Ran; Pauzner, Ady - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 4, pp. 1655-1714

We study intermediaries who seek to maximize gains from trade in bilateral negotiations. Intermediaries are players: they cannot commit to act against their objective function and deny, in some cases, trade they believe to be beneficial. This impairs their ability to assist the parties relative...

Persistent link: https://www.econbiz.de/10012806593

Bilateral trade with a benevolent intermediary

Eilat, Ran; Pauzner, Ady - 2023

Persistent link: https://www.econbiz.de/10014365304