Showing 1 - 10 of 59
This paper introduces games with a saddle function. A saddle function is a real valued function on the set of action profiles such that, for one player, minimizing the function implies choosing her best-response, and, for the other players, maximizing it implies choosing their best-responses. We...
Persistent link: https://www.econbiz.de/10010927700
We study Myerson's incomplete information bargaining solution under the assumption of verifiable types. For the case of an informed principal, in which one individual has all the bargaining power, we provide exact characterizations both from the non cooperative and from the cooperative...
Persistent link: https://www.econbiz.de/10005043352
We consider the class of two-person non-zero-sum infinitely repeated games with incomplete information where Nash equilibria have been characterized, namely games with lack of information on one side and games with private values. We show that in these models, every Nash equilibrium payoff can...
Persistent link: https://www.econbiz.de/10005008185
This paper introduces the notion of nested best response potentials for complete information games. It is shown that a unique maximizer of such a potential is a Nash equilibrium that is robust to incomplete information in the sense of Kajii and Morris (1997, mimeo).
Persistent link: https://www.econbiz.de/10008550229
This paper introduces the notion of nested best-response potentials for complete in- formation games. It is shown that a unique maximizer of such a potential is a Nash equilibrium that is robust to incomplete information in the sense of Kajii and Morris (1997, mimeo).
Persistent link: https://www.econbiz.de/10009002075
The paper deals with a cooperative game theory analysis of the economics of international agreements on climate change.
Persistent link: https://www.econbiz.de/10005478927
This paper provides a characterization of the consequences of the assumption that a decision maker with a given utility function is Choquet rational: She maximizes expected utility, but possibly with respect to non-additive beliefs, so that her preferences are represented by Choquet expected...
Persistent link: https://www.econbiz.de/10005478939
Theoretical models of government formation in political science usually assume that the head of state in non-strategic. In this paper, we analyze the power of an agenda setter who chooses the order in which players are recognized to form coalitions in simple games.
Persistent link: https://www.econbiz.de/10005478947
In this note we discuss two examples of approval voting games.
Persistent link: https://www.econbiz.de/10005478948
Persistent link: https://www.econbiz.de/10005478956