Showing 1 - 10 of 99
We study farsighted stability under the assumption that coalitions may condition actions on the history of the play. vNM stable set over possible play paths is defined with respect to the indirect dominance relation. We show that such dynamic stable set always exists. It is characterized by a...
Persistent link: https://www.econbiz.de/10012502976
We study a dynamic vNM stable set in a compact metric space under the assumption of complete and continuous dominance relation. Internal and external stability are defined with respect to farsighted dominance. Stability of an outcome is conditioned on the history via which it is reached. A...
Persistent link: https://www.econbiz.de/10012502987
We study coalitional one-deviation principle in a framework a la Chwe (1994). The principle requires that an active coalition or any of its subcoalition will not benefit from a single deviation to a strategy that specifies, for each history of coalitional moves, an active coalition and its move....
Persistent link: https://www.econbiz.de/10012502989
We investigate a random proposer bargaining game with a dead line. A bounded time interval is divided into bargaining periods of equal length and we study the limit of the subgame perfect equilibrium outcome as the number of bargaining periods goes to infinity while the dead line is kept fixed....
Persistent link: https://www.econbiz.de/10012503005
study re-examines the questions of implementation theory in a setting where players’ choice behavior need not be rational …
Persistent link: https://www.econbiz.de/10012503094
This paper studies allocations that can be implemented by an arbitrator subject to the constraint that the agents' outside option is to start bargaining by themselves. As the population becomes large, the set of implementable allocations shrinks to a singleton point - the conflict-free...
Persistent link: https://www.econbiz.de/10012502988
constraint in implementation and all incentive compatible social choice functions are Bayesian implementable. In contrast to the …
Persistent link: https://www.econbiz.de/10012503049
We derive a necessary and a sufficient condition for Nash implementation with a procedurally fair mechanism. Our result …
Persistent link: https://www.econbiz.de/10012503061
Often preferences of agents are such that any sensible goal of the collective must admit a tie between all alternatives. The standard formulation in mechanism design demand that in this case all alternatives are equilibrium outcomes of the social choice mechanism. However, as far as the idea of...
Persistent link: https://www.econbiz.de/10012503063
questions of implementation theory under complete information in a setting with transfers, where farsighted coalitions are … for implementation in general, we show that every monotonic social choice rule can be implemented. These findings imply …
Persistent link: https://www.econbiz.de/10012503093