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We propose a stylized model of a problem-solving organization whose internal communication structure is given by a fixed network. Problems arrive randomly anywhere in this network and must find their way to their respective “specialized solvers” by relying on local information alone. The...
Persistent link: https://www.econbiz.de/10005772236
This paper explores the relationships between noncooperative bargaining games and the consistent value for non-transferable utility (NTU) cooperative games. A dynamic approach to the consistent value for NTU games is introduced: the consistent vector field. The main contribution of the paper is...
Persistent link: https://www.econbiz.de/10005827436
allowing an analysis that focuses exclusively on the payoff space. In this framework, we show that the core is the only major …
Persistent link: https://www.econbiz.de/10005772396
Political party formation and coalition building in the European Parliament is being a driving force for making governance of the highly pluralistic European Union relatively effective and consensual. In spite of successive enlargements and the very high number of electoral parties obtaining...
Persistent link: https://www.econbiz.de/10005704968
welfare, ideas stemming from cooperative game theory apply to the pattern of household income formation. Kin related networks …
Persistent link: https://www.econbiz.de/10005708025
type on bilateral problems. The intersection of the prekernel and the core is also characterized with the same axioms over … the class of games where the core is nonempty. …
Persistent link: https://www.econbiz.de/10005827494
We introduce a model of strategic thinking in games of initial response. Unlike standard models of strategic thinking, in this framework the player's "depth of reasoning" is endogenously determined, and it can be disentangled from his beliefs over his opponent's cognitive bound. In our approach,...
Persistent link: https://www.econbiz.de/10010849599
Experiments in which subjects play simultaneously several finite prisoner's dilemma supergames with and without an outside option reveal that: (i) subjects use probabilistic start and endeffect behaviour, (ii) the freedom to choose whether to play the prisoner's dilemma game enhances...
Persistent link: https://www.econbiz.de/10005248451
Many models in the economics literature deal with strategic situations with privately informed agents. In those models the information structure is assumed to be exogenous and common knowledge. We consider whether such models, and the results they produce, are robust with respect the...
Persistent link: https://www.econbiz.de/10005248476
That individuals contribute in social dilemma interactions even when contributing is costly is a well-established observation in the experimental literature. Since a contributor is always strictly worse off than a non-contributor the question is raised if an intrinsic motivation to contribute...
Persistent link: https://www.econbiz.de/10005015539