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We study a model of sequential bargaining in which, in each period before an agreement is reached, the proposer's identity (and whether there is a proposer) are randomly determined; the proposer suggests a division of a pie of size one; each other agent either approves or rejects the proposal; and...
Persistent link: https://www.econbiz.de/10010277543
Fix finite pure strategy sets S1, . . ., Sn, and let S = S1 x . . .x Sn. In our model of a random game the agents' payoffs are statistically independent, with each agent's payoff uniformly distributed on the unit sphere in IRS. For given nonempty T1 c S1, . . ., Tn c Sn we give a computationally...
Persistent link: https://www.econbiz.de/10010263365
In the model there are two types of financial auditors with identical technology, one of which is endowed with a prior reputation for honesty. We characterize conditions under which there exists a "two-tier equilibrium" in which "reputable" auditors refuse bribes offered by clients for fear of...
Persistent link: https://www.econbiz.de/10010263371
In the model there are two types of financial auditors with identical technology, one of which is endowed with a prior reputation for honesty. We characterize conditions under which there exists a "two-tier equilibrium" in which "reputable" auditors refuse bribes offered by clients for fear of...
Persistent link: https://www.econbiz.de/10004985719
A decision scheme (Gibbard (1977)) is a function mapping profiles of strict preferences over a set of social alternatives to lotteries over the social alternatives. Motivated by conditions typically prevailing in elections with many voters, we say that a decision scheme is weakly strategy-proof...
Persistent link: https://www.econbiz.de/10005730986
TAn imitation game is a finite two person normal form game in which the two players have the same set of pure strategies and the goal of the second player is to choose the same pure strategy as the first player. Gale et al. (1950) gave a way of passing from a given two person game to a symmetric...
Persistent link: https://www.econbiz.de/10005731026
In the model there are two types of financial auditors with identical technology, one of which is endowed with a prior reputation for honesty. We characterize conditions under which there exists a two-tier equilibrium in which reputable auditors refuse bribes offered by clients for fear of...
Persistent link: https://www.econbiz.de/10012737550