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Chakrabarti, Subhadip; Gilles, Robert Paul - 2005

A network payoff function assigns a utility to all participants in a (social) network. In this paper we discuss properties of such network payoff functions that guarantee the existence of certain types of pairwise stable networks and the convergence of certain network formation processes. In...

Persistent link: https://www.econbiz.de/10010263150

Network Potentials

Chakrabarti, Subhadip; Gilles, Robert P. - University of Bonn, Germany - 2005

Persistent link: https://www.econbiz.de/10004968375

Market Structure and Matching with Contracts

Westkamp, Alexander - 2010

generalization of pairwise stability, chain stability, can always be satisfied as long as agents’ preferences satisfy same side … contract with each other are jointly necessary and sufficient for (i) the equivalence of group and chain stability, (ii) the … core stability of chain stable networks, (iii) the efficiency of chain stable networks, (iv) the existence of a group …

Persistent link: https://www.econbiz.de/10010270419

Market Structure and Matching with Contracts

Westkamp, Alexander - University of Bonn, Germany - 2010

Persistent link: https://www.econbiz.de/10008477267

Externalities in Recruiting

Kräkel, Matthias; Lammers, Frauke; Szech, Nora - 2011

According to the previous literature on hiring, ?rms face a trade-off when deciding on external recruiting: From an incentive perspective, external recruiting is harmful since admission of external candidates reduces internal workers’ career incentives. However, if external workers have high...

Persistent link: https://www.econbiz.de/10010293365

The Framing of Games and the Psychology of Play

Dufwenberg, Martin; Gächter, Simon; Hennig-Schmidt, Heike - 2010

Psychological game theory can provide rational-choice-based framing effects; frames influence beliefs, beliefs influence motivations. We explain this theoretically and explore empirical relevance experimentally. In a 2×2 design of one-shot public good games we show that frames affect...

Persistent link: https://www.econbiz.de/10010293368

Optimal elimination contest

Knyazev, Dmitriy - 2013

We consider multi-stage elimination contests, where agents’ efforts at different stages generate some output for the organizers. Depending on the output function we characterize the optimal prize structure of the tournament and show that it is almost efficient. We have found that in some cases...

Persistent link: https://www.econbiz.de/10010332667

Brown-von Neumann-Nash Dynamics: The Continuous Strategy Case

Hofbauer, Josef; Oechssler, Jörg; Riedel, Frank - 2005

In John Nash’s proofs for the existence of (Nash) equilibria based on Brouwer’s theorem, an iteration mapping is used. A continuous—time analogue of the same mapping has been studied even earlier by Brown and von Neumann. This differential equation has recently been suggested as a...

Persistent link: https://www.econbiz.de/10010261668

Individual Behavior of First-Price Sealed-Bid Auctions: The Importance of Information Feedback in Experimental Markets

Neugebauer, Tibor; Selten, Reinhard - 2002

This article reports the results of a first-price sealed-bid auction experiment, which has been designed to test the Nash equilibrium predictions of individual bidding behavior. Subjects faced in 100 auctions always the same resale value and competed with computerized bids. Three treatments were...

Persistent link: https://www.econbiz.de/10010263057

Submodularity and the Evolution of Walrasian Behavior

2002

Vega-Redondo (1997) showed that imitation leads to the Walrasian outcome in Cournot Oligopoly. We generalize his result to aggregative quasi-submodular games. Examples are the Cournot Oligopoly, Bertrand games with differentiated complementary products, Common- Pool Resource games, Rent-Seeking...

Persistent link: https://www.econbiz.de/10010263058

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