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Core-stable rings in auctions with independent private values

Biran, Omer; Forges, Françoise - 2010

) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable … possible explanation for cartels' structures (not) observed in practice. -- auctions ; Bayesian game ; collusion ; core …

Persistent link: https://www.econbiz.de/10003974150

Equity as a prerequisite for stable cooperation in a public-good economy : the core revisited

Buchholz, Wolfgang; Peters, Wolfgang - 2010

on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous … sacrifice") which is derived from the egalitarian-equivalent concept suggested by Moulin (1987). We also develop a simple core … test by which it can be checked whether a given allocation is in the core thus being a possible outcome of a cooperative …

Persistent link: https://www.econbiz.de/10003983187

Pooling, pricing and trading of risks

Flåm, Sjur D. - 2002

averse, there is a core imputation given by means of shadow prices on state-dependent claims. Like in finance, a risk can … emphasis on incompleteness. Included is a process of bilateral trade which converges to a price-supported core allocation. …

Persistent link: https://www.econbiz.de/10011409137

A Dynamic Game with Interaction between Kantian Players and Nashian Players

Long, Ngo Van - 2019

This paper defines the concept of feedback Kant-Nash equilibrium for a discrete-time model of resource exploitation by infinitely-lived Kantian and Nashian players, where we define Kantian agents as those who act in accordance with the categorical imperative. We revisit a well-known dynamic...

Persistent link: https://www.econbiz.de/10012031053

Spillover effects of minimum wages : theory and experimental evidence

Dittrich, Marcus; Knabe, Andreas; Leipold, Kristina - 2011

We study the spillover effects of minimum wages in a laboratory experiment. In a bilateral firm-worker bargaining setting, we find that the introduction of a minimum wage exerts upward pressure on wages even if the minimum wage is too low to be a binding restriction. Furthermore, raising the...

Persistent link: https://www.econbiz.de/10009301190

Equitable representation in the councils of the United Nations : theory and application

Gould, Matthew; Rablen, Matthew - 2013

We develop a theoretical framework for equity in council voting games (CVGs). In a CVG, a fully representative voting body delegates decision-making to a subset of the members, as describes, e.g., the United Nations Security Council (UNSC). Three equity concepts are proposed: ex-ante...

Persistent link: https://www.econbiz.de/10010223052

Bayesian repeated games and reputations

Forges, Françoise; Salomon, Antoine - 2014

Under appropriate assumptions (private values and uniform punishments), the Nash equilibria of a Bayesian repeated game without discounting are payoff-equivalent to tractable, completely revealing, equilibria and can be achieved as interim cooperative solutions of the initial Bayesian game. This...

Persistent link: https://www.econbiz.de/10010256693

Enlargements and the principles of designing EU : decision-making procedures

Widgrén, Mika - 2003

This paper examines how neutral the current EU decision-making procedures are to membership and how well they obey certain transparent general constitutional principles. The paper evaluates the performance of the procedures by strategic and classical power indices. The main emphasis in the...

Persistent link: https://www.econbiz.de/10011507661

Values for environments with externalities : the average approach

Macho-Stadler, Inés; Pérez-Castrillo, J. David; … - 2016

We propose the "average approach," where the worth of a coalition is a weighted average of its worth for different partitions of the players' set, as a unifying method to extend values for characteristic function form games. Our method allows us to extend the equal division value, the equal...

Persistent link: https://www.econbiz.de/10011509414

Is the collective model of labor supply useful for tax policy analysis? : a simulation exercise

Bargain, Olivier; Moreau, Nicolas - 2003

The literature on household behavior contains hardly any empirical research on the withinhousehold distributional effect of tax-benefit policies. We simulate this effect in the framework of a collective model of labor supply when shifting from a joint to an individual taxation system in France....

Persistent link: https://www.econbiz.de/10011509519