Showing 1 - 10 of 399
We analyze a simple decentralized matching mechanism in market with couples called One Application Mechanism. Under this mechanism any stable matching of the market can be attained in Subgame Perfect equilibrium (SPE). In contrast with previous results, we find that the mechanism may attain...
Persistent link: https://www.econbiz.de/10011278561
dimension to the original space of outcomes and construct a static mechanism similar to the one used in virtual implementation …. The implementation is imminent: the mechanism results in the original outcome, which is provided with an arbitrarily small …
Persistent link: https://www.econbiz.de/10005110967
dimension to the original space of outcomes and construct a static mechanism similar to the one used in virtual implementation …. The implementation is imminent: the mechanism results in the original outcome, which is provided with an arbitrarily small …
Persistent link: https://www.econbiz.de/10010629830
We introduce a model of tourism choice where we consider that the choice of a tourism resort by a tourist, depends not only on the characteristics of the product offered by the resort but depends also on certain characteristics -crowding types- of the other tourists that have chosen the same...
Persistent link: https://www.econbiz.de/10008458991
This note proposes a graphical approach useful in game theory. This method consists in representing incentives to move strategically to graphical areas. The method can be used on several occasions we apply it as an example to the model of Bouët (2001).
Persistent link: https://www.econbiz.de/10010836097
Within the context of games on networks S. Goyal (Goyal (2007), pg. 39) posed the following problem. Under any arbitrary but fixed topology, does there exist at least one pure Nash equilibrium that exhibits a positive relation between the cardinality of a player's set of neighbors and its...
Persistent link: https://www.econbiz.de/10009207370
This note proposes a graphical approach useful in game theory. This method consists in representing incentives to move strategically to graphical areas. The method can be used on several occasions we apply it as an example to the model of Bouët (2001).
Persistent link: https://www.econbiz.de/10005196416
This paper uses dynamic games with complete and perfect information in solution of water conflict in Central Asia. The benefits and costs of the countries for their actions are modelled as payoffs for decision-makers within the frame of game theory concept. The equilibrium increasing the...
Persistent link: https://www.econbiz.de/10010629347
Condorcet's paradox is one of the most prominent results in social choice theory. It says that there may not exist any alternative that a net majority prefers over every other alternative. When outcomes need not be deterministic alternatives, we show that a similar paradox still exists even if...
Persistent link: https://www.econbiz.de/10011212876
We experimentally examined several versions of Rubinstein (1989)'s e-mail game in the laboratory. He shows that, in the unique equilibrium of this game, players behave as if no information is exchanged, no matter how many messages are successfully sent. This has been regarded as a "paradox of...
Persistent link: https://www.econbiz.de/10011278536