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This paper assumes that in addition to the conventional (selfish) preferences over outcomes, players in a strategic environment have preferences over strategies. In the context of two-player games, it provides conditions under which a player's preferences over strategies can be represented as a...
Persistent link: https://www.econbiz.de/10010843062
This paper provides characterization theorems for preferences that can be represented by the minimum, the maximum, and the sum of components, or combinations of these forms. It contains a discussion of applications to social choice.
Persistent link: https://www.econbiz.de/10010536337
Given n agents with von Neumann-Morgenstern utility functions who wish to divide m commodities, consider the n-person noncooperative game with strategies consisting of concave, increasing von Neumann-Morgenstern utility functions, and whose outcomes are the relative utilitarian solution. It is...
Persistent link: https://www.econbiz.de/10010536471