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Strategic games are considered where the players derive their utilities from participation in certain 'processes.' Two subclasses consisting exclusively of potential games are singled out. In the first, players choose where to participate, but there is a unique way of participation, the same for...
Persistent link: https://www.econbiz.de/10005550874
Population games are stochastic processes which explicitly model Nash's (1950) mass action interpretation of Nash equilibrium. The mass action interpretation envisions a population of players for each position in the game, and that players are randomly matched for play. The hope is that the...
Persistent link: https://www.econbiz.de/10005407624
Most properties of binary relations considered in the decision literature can be expressed as the impossibility of certain ``configurations.'' There exists no condition of this form which would hold for a binary relation on a subset of a finite-dimensional Euclidean space if and only if the...
Persistent link: https://www.econbiz.de/10005407537
Strategic games are considered where: every player chooses from a compact subset of the real line; the partners' choices affect each player's utility only through their scalar aggregate, which is affine in every single partner's choice; if the choices of all players but two are fixed, then both...
Persistent link: https://www.econbiz.de/10005118568
A new model of strategic network formation is developed and analyzed, where an agent's investment in links is nonspecific. The model comprises a large class of games which are both potential and super- or submodular games. We obtain comparative statics results for Nash equilibria with respect to...
Persistent link: https://www.econbiz.de/10005118625
, and their decisions of whether or not to trade in the second period result in externalities relative to the agents …
Persistent link: https://www.econbiz.de/10005077051
This paper studies efficient and egalitarian allocations over a single heterogeneous and infinitely divisible good. We prove the existence of such allocations using only measure-theoretic arguments. Under the additional assumption of complete information, we identify a sufficient condition on...
Persistent link: https://www.econbiz.de/10005077064
We show that an asymptotic envy-freeness is a necessary condition for a form of robust approximate implementation in …
Persistent link: https://www.econbiz.de/10005135032
bargain through some extensive game form. We take an implementation approach, characterizing the possible allocation rules …
Persistent link: https://www.econbiz.de/10005062338
the implementation of rulings. Against this background, it is puzzling that the specific WTO procedure which deals with … allegedly insufficient implementation is used only in about one third of the cases where the need for implementation has arisen …. Yet, a closer look at the where implementation has allegedly occurred can partly resolve this puzzle: The defendant …
Persistent link: https://www.econbiz.de/10005408038