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sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice …
Persistent link: https://www.econbiz.de/10011255507
This paper associates a strategic n-person game with a given transferable utility game and studies its Nash equilibria. Strict equilibria in this model characterize those divisions of social surplus that can become conventions in the sense of Young (1993). It is shown that even in relatively...
Persistent link: https://www.econbiz.de/10011255790
This discussion paper resulted in a publication in <A href="http://link.springer.com/article/10.1007%2Fs00199-008-0338-8">'Economic Theory'</A>, 2009, 39(3), 355-376. Allowing for games with a continuous action space, we deal with the question whether and when static conceptslike evolutionary stability can shed any light on what happens in the dynamical context of a...</a>
Persistent link: https://www.econbiz.de/10011256428
This discussion paper led to a publication in 'Social Choice and Welfare', 2005, 24, 439-454.<P> Many economic and social situations can be represented by a digraph. Both axiomatic and iterativemethods to determine the strength or power of all the nodes in a digraph have been proposed inthe...</p>
Persistent link: https://www.econbiz.de/10011256523
equilibrium strategies that look very much like human behaviour; altruism and fairness will be shown to feature in a natural way … in equilibrium. …
Persistent link: https://www.econbiz.de/10011256557
Empirical research suggests that - rather than improving incentives - exerting controlcan reduce workers' performance by eroding motivation. The present paper shows thatintention-based reciprocity can cause such motivational crowding-out if individuals differin their propensity for reciprocity...
Persistent link: https://www.econbiz.de/10011256604
In this paper we study international river pollution problems. We introduce a model in which the agents (countries) located along a river derive benefit while causing pollution, but also incur environmental costs of experiencing pollution from all upstream agents. We find that total pollution in...
Persistent link: https://www.econbiz.de/10011256658
extraction. Unanimity bargaining determines the water allocation and monetary transfers. We translate International Water Law … bargaining solution, in the latter case the agents have to compromise in order to agree and we apply the asymmetric Nash …
Persistent link: https://www.econbiz.de/10011256978
This discussion paper resulted in a publication in 'Games and Economic Behavior', 2007, 59, 85-104. <P> We consider cooperative games with transferable utility (TU-games), in which we allow for a social structure on the set of players. The social structure is utilized to refine the core of the...</p>
Persistent link: https://www.econbiz.de/10011257354
This article analyzes under which conditions a manager can motivate a junior worker by verbal communication, and explains why communication is often tied up with organizational choices as job enlargement and collaboration. Our model has two important features. First, the manager has more...
Persistent link: https://www.econbiz.de/10011257452