Showing 1 - 10 of 12
outcome within B. The corresponding cooperative stability notion generalizes the familiar core of a simple game. We study … those effectivity functions yielding a non-empty core for all preference profiles, of which additive effectivity functions …
Persistent link: https://www.econbiz.de/10010765456
The goal of this work is to provide a comprehensive review of different Game Theory applications that have been recently used to predict the behavior of non-rational agents in interaction situations arising from computational biology. In the first part of the paper, we focus on evolutionary...
Persistent link: https://www.econbiz.de/10010708164
Most of the international environmental agreements that have been signed in the past to resolve transboundary pollution problems appear constrained in the sense that either monetary transfers accompany uniform abatement standards (agreements based on a uniform standard with monetary transfers),...
Persistent link: https://www.econbiz.de/10010708533
Most existing international environmental agreements to resolve transboundary pollution problems appear constrained in the sense that either monetary transfers accompany uniform abatement standards (agreements based on a uniform standard with monetary transfers), or differentiated abatement...
Persistent link: https://www.econbiz.de/10011073100
The article shows how Jean-Francois Mertens contributed to the development of game theory and microeconomics as we know them today. Along with about 80 articles, Mertens's topics go from the formulation of Bayesian decision making in games with incomplete information to the foundations of cost...
Persistent link: https://www.econbiz.de/10011074149
over consumption goods, competitive equilibrium allocations exist and belong to the (ex ante incentive) core. Furthermore …, any competitive equilibrium allocation can be viewed as an element of the core of the n-fold replicated economy, for every …
Persistent link: https://www.econbiz.de/10010706418
incentive compatibility constraints : the associated ex ante core is generically nonempty. However, we exhibit a well …–behaved exchange economy in which this core is empty, even if goods are allocated through random mechanisms. …
Persistent link: https://www.econbiz.de/10010707133
This paper characterizes the core of a differentiable convex distortion of a probability measure on a nonatomic space … dominance. The densities that have the same distribution as the derivative of the distortion are the extreme points of the core …
Persistent link: https://www.econbiz.de/10010707781
We identify particular exchange economies with asymmetric information in which the ex ante incentive compatible core is … restriction to a specific class of economies are crucial for the result. Indeed, the ex ante incentive compatible core can be …
Persistent link: https://www.econbiz.de/10010708570
In a commonvalueauction in which the information partitions of the bidders are connected, all rings are core … form, in spite of the underlying strategic externalities. A ring is core-stable if the core of this characteristic function … core-stable. …
Persistent link: https://www.econbiz.de/10010708636