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Coalitional Manipulation on Communication Network

Ju, Biung-Ghi - Econometric Society - 2004

In an abstract model of division problems, we study division rules that are not manipulable through a reallocation of individual characteristic vectors within a coalition (e.g. reallocation of claims in bankruptcy problems). A coalition can be formed if members of the coalition are connected on...

Persistent link: https://www.econbiz.de/10005130230

ANC Analytical Payoff Functions for Networks with Endogenous Bilateral Long Cheap Talk

Nieva, Ricardo - Econometric Society - 2004

We derive an almost non cooperative (ANC) analytical payoff function for all three-agent Aumann-Myerson (1988) games, and tractable ones exist for all three-agent A-M-like network games with any fixed valuation, in contrast to restricted results in the literature, if at all. Unlike link proposal...

Persistent link: https://www.econbiz.de/10005702641

A Fictitious Play of the Nash Demand Game Implements the Nash Bargaining Solution

In, Younghwan - Econometric Society - 2004

We study a repeated Nash demand game, where bargainers follow a fictitious play procedure after their one-shot decision on demand in the initial period. In the reduced static game they play at the initial period, all the epsilon-equilibria are clustered around the division corresponding to the...

Persistent link: https://www.econbiz.de/10005702751

Double-Holdups in a Matching Model with Search Frictions and Endogenous Heterogeneity

Navarro, Lucas - Econometric Society - 2004

random matching model with endogenous heterogeneity. I analyze the efficiency properties of the equilibrium and find that in …

Persistent link: https://www.econbiz.de/10005328902

Matching and Price Competition

Levin, Jonathan; Bulow, Jeremy - Econometric Society - 2004

We develop a model in which firms set their salary levels before matching with workers. Wages fall relative to any … recent antitrust case against the National Residency Matching Program in light of our results …

Persistent link: https://www.econbiz.de/10005328996

A Theoretical Foundation for Bilateral Matching Mechanisms

Aliprantis, C.D.; Camera, G. - Econometric Society - 2004

This work introduces a rigorous set-theoretic foundation of bilateral matching mechanisms and studies their properties … in a systematic manner. By providing a unified framework to study ilateral matching mechanisms, we formalize how … different spatial/informational constraints can be implemented via a careful selection of matching mechanisms. In particular …

Persistent link: https://www.econbiz.de/10005063736

Impact of higher-order uncertainty

Yildiz, Muhamet; Weinsten, Jonathan - Econometric Society - 2004

condition, called "global stability under uncertainty," implies a variety of results to the effect that the impact of higher …-order uncertainty is small. Our central result states that, under global stability, the maximum change in equilibrium strategies due to …

Persistent link: https://www.econbiz.de/10005129808

A Unified Approach to Information, Knowledge, and Stability

Luo, Xiao; Chen, Yi-Chun - Econometric Society - 2004

epistemic foundations behind the fascinating idea of stability due to J. von Neumann and O. Morgenstern. The major features of …

Persistent link: https://www.econbiz.de/10005130251

Two-sided Learning and Optimal Open Economy Monetary Policy

Kam, Timothy - Econometric Society - 2004

In this paper, we consider a dynamic New Keynesian model of the small open economy in the light of bounded rationality. This entails private agents and the central bank updating their beliefs about the laws of motion of inflation, the output gap and real exchange rate when forming their optimal...

Persistent link: https://www.econbiz.de/10005702553

Information Transmission in Coalitional Voting Games

Vohra, Rajiv; Serrano, Roberto - Econometric Society - 2004

A core allocation of a complete information economy can be characterized as one that would not be unanimously rejected in favor of another feasible alternative by any coalition. We use this test of coalitional voting in an incomplete information environment to formalize a notion of resilience....

Persistent link: https://www.econbiz.de/10005130219