Showing 1 - 10 of 46
By generalizing the standard solution for 2-person games into n-person cases, this paper develops a new solution concept for cooperative games: the consensus value.We characterize the consensus value as the unique function that satisfies efficiency, symmetry, the quasi dummy property and...
Persistent link: https://www.econbiz.de/10011092734
This paper analyzes the relations between social capital, institutions and trust.These concepts are full of ambiguity and confusion.This paper attempts to dissolve some of the confusion, by distinguishing trust and control, and analyzing institutional and relational conditions of trust.It...
Persistent link: https://www.econbiz.de/10011092754
In this paper we present an axiomatic analysis of several ranking methods for tournaments. We find that two of them exhibit a very good behaviour with respect to the set of properties under consideration. One of them is the maximum likelihood ranking, the most common method in statistics and...
Persistent link: https://www.econbiz.de/10011092766
In this paper we axiomatically characterize two recursive procedures for defining a social group.The first procedure starts with the set of all individuals who define themselves as members of the social group, while the starting point of the second procedure is the set of all individuals who are...
Persistent link: https://www.econbiz.de/10011090454
Recent work by Kasher and Rubinstein (1997) considers the problem of group identification from a social choice perspective.These authors provide an axiomatic characterization of a liberal aggregator whereby the group consist of those and only those individuals each of which views oneself a...
Persistent link: https://www.econbiz.de/10011091125
We consider the problem of ranking sets of objects, the members of which are mutually compatible.Assuming that each object is either good or bad, we axiomatically characterize three cardinality-based rules which arise naturally in this dichotomous setting.They are what we call the symmetric...
Persistent link: https://www.econbiz.de/10011091451
evaluate individual freedom of choice.This paper defends that, in many contexts, external procedural aspects that are … associated to an opportunity set should be taken into account when making judgements about the freedom of choice an agent enjoys ….We propose criteria for comparing procedure-based opportunity sets that are consistent with both the procedural aspect of freedom …
Persistent link: https://www.econbiz.de/10011092561
Cloud computing technologies have the potential to increase innovation and economic growth considerably. But many users worry that data in the cloud can be accessed by others, thereby damaging the data owner. Consequently, they do not use cloud technologies up to the efficient level. I design an...
Persistent link: https://www.econbiz.de/10011144432
We analyze competition among academic faculties for new researchers. The value to individual members through social interaction within the faculty depends on the average status of their fellow members. When competing for new members, existing members trade off the effect of entry on average...
Persistent link: https://www.econbiz.de/10011092619
We consider a relational economy in which economic agents participate in three types of relational economic activities: autarkic activities; binary matching activities; and plural cooperative activities. We introduce a stability notion and characterize stable interaction structures, both in the...
Persistent link: https://www.econbiz.de/10011092861