Showing 1 - 10 of 27
The paper aims to show the overall coherence of the system of thought Commons employed to build his institutional … economics. For that and in order not to stay enclosed within the American context Commons’ ideas have been considered to be … common features with the pragmatist method of Commons. The first section of the paper states the legitimacy of the …
Persistent link: https://www.econbiz.de/10011072089
The dual reduction process, introduced by Myerson, allows a finite game to be reduced to a smaller-dimensional game such that any correlated equilibrium of the reduced game is an equilibrium of the original game. We study the properties and applications of this process. It is shown that generic...
Persistent link: https://www.econbiz.de/10011073186
In this paper we present a new class of pedestrian crowd models based on the mean field games theory introduced by Lasry and Lions in 2006. This macroscopic approach is based on a microscopic model, that considers smart pedestrians who rationally interact and anticipate the future. This leads...
Persistent link: https://www.econbiz.de/10011073248
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. LetEbe an exchange economy with differential information. We associate a strategic market gameΓ(E) withE. We...
Persistent link: https://www.econbiz.de/10011073499
The average voting procedure reflects the weighted average of expressed opinions in [0,1]. Participants typically behave strategically. We evaluate the discrepancy between the average taste and the average vote. If the population is sufficiently large, it is possible to construct approximations...
Persistent link: https://www.econbiz.de/10011166480
If a game has a unique Nash equilibrium, then this equilibrium is arguably the solution of the game from the refinement's literature point of view. However, it might be that for almost all initial conditions, all strategies in the support of this equilibrium are eliminated by the replicator...
Persistent link: https://www.econbiz.de/10011171551
We compare the performance of two incentive mechanisms in public goods experiments. One mechanism, the Falkinger mechanism, rewards and penalizes agents for deviations from the average contributions to the public good (Falkinger mechanism). The other, the compensation mechanism, allows agents to...
Persistent link: https://www.econbiz.de/10010707388
This paper assesses the impact of migrants' Home Town Associations (HTAs) located in France on the provision of local public goods in Mali. To this end, we computed a dataset on all the HTAs that have been created by Malian migrants in France since 1981 and geo-localised their interventions on...
Persistent link: https://www.econbiz.de/10010707403
To what extent did the colonial public policy influence the current regional inequalities in the French- speaking West Africa? This paper uses the differences in development outcomes across the areas of the former French West Africa to show the existence of colonial long term effects on...
Persistent link: https://www.econbiz.de/10010707977
This paper studies political competition in the case of a democratization process. We present an illustrative model describing political competition when the opposition threatens the stability of the country. In some cases, our model predicts the government should invest in opposition districts...
Persistent link: https://www.econbiz.de/10010708144