Showing 1 - 10 of 23
It is well-known that non-cooperative and cooperative game theory may yield different solutions to games. These …
Persistent link: https://www.econbiz.de/10005248343
Analyses of assembly elections often assume that voters have well-defined preferences over candidates, even though preferences over assemblies are the natural analytic starting point. This candidate-based approach is usually justified by an assumption that preferences over assemblies are...
Persistent link: https://www.econbiz.de/10005605647
In this paper we consider multilateral stochastic bargaining models with general agreement rules. For n-player games where in each period a player is randomly selected to allocate a stochastic level of surplus and q=n players have to agree on a proposal to induce its acceptance, we characterize...
Persistent link: https://www.econbiz.de/10005605732
Persistent link: https://www.econbiz.de/10005605618
In 1972, Harsanyi and Selten characterized a one parameter asymmetric Nash solution. In this note I do the analog for the Kalai-Smorodinsky solution. By dropping symmetry and adding a restrivted version of Independence of Irrelevant Alternatives to the set of axioms that lead to the...
Persistent link: https://www.econbiz.de/10005605764
The Lorenz-Pareto Optimal Frontier of a collective choice problem indentifies a (usually quite large) subset of all Pareto optimal outcomes which are not inegalitarian according to the Lorenz criterion. We study the basic properties of Lorenz-Pareto optimal choice functions and in particular...
Persistent link: https://www.econbiz.de/10005826798
IN his classic novel, "Catch-22" (1961), Joseph Heller describes a thoroughly frustrating situation faced by a combat pilot in World War II. This is generalized to a "generic" 2x2 strict ordinal game, in which whatever strategy the column player chooses, the best response of the row player is to...
Persistent link: https://www.econbiz.de/10005605582
In the real world, when people play games, they often receive advice from those that have played it before them. Such advice can facilitate the creation of a convention of behavior. This paper studies the impact of advice on the behavior subjects who engage in a non-overlapping generational...
Persistent link: https://www.econbiz.de/10005605652
We study certain classes of supermodular and submodular games which are symmetric with respect to material payoffs but in which not all players seek to maximize their material payoofs. Specially, a subset of players have negatively interdependent preferences and care not only about their own...
Persistent link: https://www.econbiz.de/10005605730
The Ultimatum Game and the experiments surrounding it, have presented economists with a puzzle that they have struggled to explain. But as Robert Aumann has pointed out, while there may be only one sub-game perfect equilibrium to the Ultimatum Game, there are an infinite number of Nash...
Persistent link: https://www.econbiz.de/10005611693