conduct experiments on simple two-person and three-person games with binary choices that test these theories more directly …

a range of simple experimental games that test these theories more directly than existing experiments. Our experiments …

A core allocation of a complete information economy can be characterized as one that would not be unanimously rejected … in favor of another feasible alternative by any coalition. We use this test of coalitional voting in an incomplete … information environment to formalize a notion of resilience. Since information transmission is implicit in the Bayesian equilibria …

one seller, full information revelation never occurs in equilibrium and the only information transmission happens in the … first period. The outcome with n sellers depends both on the structure of sellers' information and, more importantly, on the … intensity of competition among them allowed by the trading rules. With intense competition (absence of clienteles), information …

parameters to final outcomes. Typically, the underlying parameters (e.g., individual preferences) are private information to the … the private information is truthfully elicited and the social optimum ends up being implemented? In designing such a … mechanism, appropriate incentives will have to be given to the agents so that they do not wish to misrepresent their information …