Showing 1 - 10 of 41
This survey presents within a single model three theories of decentralization of decision-making within organizations based on private information and incentives. Renegotiation, collusion, and limits on communication are three sufficient conditions for decentralization to be optimal. Cet article...
Persistent link: https://www.econbiz.de/10005100921
We analyze the contract-based relationship between a local community and a private operator in charge of a water utility. An important feature of the regulation model is the existence of water network losses that may reduce the operator's cost. We derive solutions to the optimal contract both...
Persistent link: https://www.econbiz.de/10005627158
We conduct an experiment to test whether probability misperception may be a possible alternative to risk aversion to explain overbidding in independent first-price private-values auctions. The experimental outcomes indicate that subjects underestimate their probability of winning the auction,...
Persistent link: https://www.econbiz.de/10005100674
We offer a definition of iterated elimination of strictly dominated strategies (IESDS) for games with (in)finite players, (non)compact strategy sets, and (dis)continuous payoff functions. IESDS is always a well-defined order independent procedure that can be used to solve Nash equilibrium in...
Persistent link: https://www.econbiz.de/10005100699
management helps implement these real project changes and alleviate the related reorganization and coordination problems … implémenter ces modifications dans les projets et allège ainsi les problèmes associés de réorganisation et de coordination …
Persistent link: https://www.econbiz.de/10005100941
behavior observed for advertised consumer products and that existing coordination models fail to provide. Il existe plusieurs …. Notre modèle, contrairement aux modèles de coordination existants dans la littérature, prédit également des prix stables et …
Persistent link: https://www.econbiz.de/10005101086
coordination game with strategy labels illustrates that the concept of a focal point can be put to use as a measure of social … application du jeu de coordination faisant appel à des étiquettes de stratégies démontre que la notion de point focal peut être …
Persistent link: https://www.econbiz.de/10005034428
coordination information. For that, we divide the behaviour of negotiating agents into protocols, strategies and coordination … the English and Dutch auctions. We also implemented simple coordination schemes across several auctions. The ongoing … représenter, gérer et explorer les stratégies de négociation ainsi que l'information de coordination. Parmi les nombreux avantages …
Persistent link: https://www.econbiz.de/10005417560
some important facets as cooperation, coordination, planning and communication. " Le thème des systèmes multiagents (SMA … coopération, la coordination, la planification et la communication. …
Persistent link: https://www.econbiz.de/10005627160
This paper proposes a new welfare criterion which satisfies three desiderata: strong sensitivity to the least …
Persistent link: https://www.econbiz.de/10005100525