Showing 1 - 10 of 10
This paper describes the historical evolution of the analysis of some aspects of the strategic use of information. The use of mixed strategies aims to create uncertainty on the move to be played or on the private information of the players. In a repeated game framework, strategic behavior when...
Persistent link: https://www.econbiz.de/10005618884
We model the trading possibilities of one seller and n potential buyers as a strategic game, which extends the two-person sealed-bid double auction. We introduce particular communication equilibria for this game, the self-fulfilling equilibria. In the case of arbitrary informational...
Persistent link: https://www.econbiz.de/10005775614
This paper examines some consequences of the assumption that individuals constrain morally their behaviour in games in … general and in games of voluntary provision of public good in particular. Moral behaviour is defined in terms of a maxim which …
Persistent link: https://www.econbiz.de/10005775625
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We introduce a class of communication equilibria, which we call self-fulfilling mechanisms, and show that they provide a game-theoretic foundation to rational expectations equilibria.
Persistent link: https://www.econbiz.de/10005618870
In this paper, we examine the problem of ranking individual opportunity sets on the basis of their freedom of choice in a social setting.
Persistent link: https://www.econbiz.de/10005660672
components or by populations subgroups. To do so we define two types of inequality games. Although these games cannot be … expressed in terms of unanimity games, an axiomatization of the Shapley decomposition is provided in this context by using the …
Persistent link: https://www.econbiz.de/10005660700
One of the main goals of bounded rationality models is to understand the limitations of agent's abilities in building representations of strategic situations as maximization problems and in solving these problems. Modern cryptography relies on the assumption that agents's computations should be...
Persistent link: https://www.econbiz.de/10005618867
If the allocation of a differential information economy are defined as incentive compatible state - contingent lotteries over consumption goods, competitive equilibrium allocations exist and belong to the (ex ante incentive) core. Furthermore, any competitive equilibrium allocation can be viewed...
Persistent link: https://www.econbiz.de/10005618893