Showing 1 - 10 of 261
We present a quantum solution to coordination problems that can be implemented with present technologies. It provides an alternative to existing approaches, which rely on explicit communication, prior commitment or trusted third parties. This quantum mechanism applies to a variety of scenarios...
Persistent link: https://www.econbiz.de/10005062323
We propose two generalizations of the Davis Maschler reduced game property to economies with asymmetric information and apply them in the characterization of two solution concepts. One is Wilson's (1978) Coarse Core and the other is a subsolution of it which we call the Coarse+ Core.
Persistent link: https://www.econbiz.de/10005118523
Persistent link: https://www.econbiz.de/10005118590
We provide a result for non-emptiness of the core in NTU games. We use a payoffs-dependent balancedness condition, based on transfer rate mappings. Going beyond the non-emptiness of standard core, existence of some refined solution is proved, including specific core allocations and...
Persistent link: https://www.econbiz.de/10005118637
This paper introduces a measure of uncertainty in the determination of the Shapley value, illustrates it with examples, and studies some of its properties. The introduced measure of uncertainty quantifies random variations in a player's marginal contribution during the bargaining process. The...
Persistent link: https://www.econbiz.de/10005550903
We study a simple bargaining mechanism in which each player puts a prize to his resources before leaving the game. The only expected final equilibrium payoff can be defined by means of selective marginal contributions vectors, and it coincides with the Shapley value for convex games. Moreover,...
Persistent link: https://www.econbiz.de/10005124854
This paper gives a concrete example of a nondictatorial, coalitionally strategyproof social choice function for countably infinite societies. The function is defined for those profiles such that for each alternative, the coalition that prefers it the most is gdescribable.h The gdescribableh...
Persistent link: https://www.econbiz.de/10005125912
In a framework allowing infinitely many individuals, I prove that coalitionally strategyproof social choice functions satisfy gtops only.h That is, they depend only on which alternative each individual prefers the most, not on which alternative she prefers the second most, the third, . . . , or...
Persistent link: https://www.econbiz.de/10005125938
This paper studies the formation of networks among individuals. The focus is on the compatibility of overall societal welfare with individual incentives to form and sever links. The paper reviews and synthesizes some previous results on the subject, and also provides new results on the existence...
Persistent link: https://www.econbiz.de/10005135109
We analyze the formation of networks among individuals. In particular, we examine the existence of networks that are stable against changes in links by any coalition of individuals. We show that to investigate the existence of such strongly stable networks one can restrict focus on a...
Persistent link: https://www.econbiz.de/10005135119