Showing 1 - 10 of 18
allow for higher-order uncertainty about rationality. We introduce interim correlated p-rationalizability (ICRp) as a … the same time, we show that Weinstein and Yildiz's (2007) deeper results on the structure of rationalizability, most …
Persistent link: https://www.econbiz.de/10011195695
the notion of sequential rationalizability. F-consistency is a testable property that highlights the behavioral aspects … how other behavioral concepts are related to sequential rationalizability, and establish a priori unexpected implications …. In particular, we show that the concept of rationalizability by game trees, which, in principle, had little to do with …
Persistent link: https://www.econbiz.de/10005707995
In cost-effectiveness analysis (CEA) it is usually assumed that a QALY is of equal value to everybody, irrespective of the patient's age. However, it is possible that society assigns different social values to a QALY according to who gets it. In this paper we discuss the possibility of weighting...
Persistent link: https://www.econbiz.de/10005771929
In this paper we address the importance of distributive effects in the social valuation of QALY's. We propose a social welfare function that generalises the functions traditionally used in the health economic literature. The novelty is that, depending on the individual health gains, our function...
Persistent link: https://www.econbiz.de/10005771942
In cost-effectiveness analysis (CEA) it is usually assumed that a QALY is of equal value to everybody, irrespective of the patient's age. However, it is possible that society assigns different social values to a QALY according to who gets it. In this paper we discuss the possibility of weighting...
Persistent link: https://www.econbiz.de/10005772095
In this paper we address the importance of distributive effects in the social valuation of QALY's. We propose a social welfare function that generalises the functions traditionally used in the health economic literature. The novelty is that, depending on the individual health gains, our function...
Persistent link: https://www.econbiz.de/10005707972
equivalent (implying that so are the theory of implementation and the Nash program). This facilitates the understanding of the … ``real implementation'' is examined. …
Persistent link: https://www.econbiz.de/10005827443
This paper is concerned with the realism of mechanisms that implement social choice functions in the traditional sense. Will agents actually play the equilibrium assumed by the analysis? As an example, we study the convergence and stability properties of Sj\"ostr\"om's (1994) mechanism, on the...
Persistent link: https://www.econbiz.de/10005772028
We perform an experimental test of Maskin's canonical mechanism for Nash implementation, using 3 subjects in non … some explanations for the imperfect implementation, including risk preferences, the possibilities that agents have for …
Persistent link: https://www.econbiz.de/10005772110
This paper studies the equilibrating process of several implementation mechanisms using naive adaptive dynamics. We … show that the dynamics converge and are stable, for the canonical mechanism of implementation in Nash equilibrium. In this … implementation with refined equilibrium concepts have claimed that the mechanisms they propose are ``simple'' and implement …
Persistent link: https://www.econbiz.de/10005772289