Showing 1 - 6 of 6
I introduce a model of extensive form games with coalitional actions, which provides a formal framework for analysing situations in which coalitions of players may take joint actions sequentially. I present an equilibrium concept that generalizes subgame-perfect equilibrium, and is closely...
Persistent link: https://www.econbiz.de/10005357961
By introducing physical outcomes in coalitional games we note that coalitional games and social choice problems are equivalent (implying that so are the theory of implementation and the Nash program). This clarifies some misunderstandings (in regrad to invariance and randomness), sometimes found...
Persistent link: https://www.econbiz.de/10005357964
We introduce a game form that captures a noncooperative dimention of the consistency property of bankruptcy rules. Any consistent and monotonic rule is fully characterized by a bilateral principle and consistency. Like the consistency axiom, our game form, together with the bilateral principle,...
Persistent link: https://www.econbiz.de/10005146798
We show that the absence of friction between consumers is not sufficient for linear pricing by a monopolist. On the contrary, it is shown that this situation allows the monopolist to achieve perfect discrimination.
Persistent link: https://www.econbiz.de/10005741331
information among the tax payers, each agent reports the incomes of all players to a central agency, and implementation of every … theory. Partial departures from complete information still allow for implementability. However, under fully private … information implementation is not possible. …
Persistent link: https://www.econbiz.de/10005146796
We associate each bankruptcy problem with a bargaining problem and derive old allocation rules for the former by … applying well known bargaining solutions to the latter. …
Persistent link: https://www.econbiz.de/10005357963