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Divorce costs and marital dissolution in a one-to-one matching framework with nontransferable utilities

Sağlam, İsmail - In: Games 4 (2013) 1, pp. 106-124

In this paper, we use a two-period one-to-one matching model with incomplete information to examine the effect of … whether to stay married or to unilaterally divorce. We show that, for any society, there exist matching environments where the … probability of the marital dissolution does not reduce divorce costs under gender-optimal matching rules. In such environments, an …

Persistent link: https://www.econbiz.de/10009754874

Core stability and core selection in a decentralized labor matching market

Nax, Heinrich H.; Pradelski, Bary S. R. - In: Games 7 (2016) 2, pp. 1-16

We propose a dynamic model of decentralized many-to-one matching in the context of a competitive labor market. Through …

Persistent link: https://www.econbiz.de/10011453256

Core stability and core selection in a decentralized labor matching market

Nax, Heinrich H.; Pradelski, Bary S. R. - In: Games 7 (2016) 2, pp. 1-16

We propose a dynamic model of decentralized many-to-one matching in the context of a competitive labor market. Through …

Persistent link: https://www.econbiz.de/10011709879

Informational hold up and intermediaries

Utgoff, Naomi - In: Games 13 (2022) 5, pp. 1-14

Why do some incomplete information markets feature intermediaries while others do not? I study the allocation of two goods in an incomplete information setting with a single principal, multiple agents with unit demand, and interdependent valuations. I construct a novel dynamic mechanism...

Persistent link: https://www.econbiz.de/10014418049

Time-preference heterogeneity and multiplicity of equilibria in two-group bargaining

Cardona-Coll, Daniel; Rubí-Barceló, Antoni - In: Games 7 (2016) 2, pp. 1-17

We consider a multilateral bargaining game in which the agents can be classified into two groups according to their instantaneous preferences. In one of these groups there is one agent with a different discount factor. We analyze how this time-preference heterogeneity may generate multiplicity...

Persistent link: https://www.econbiz.de/10011515611

On adaptive heuristics that converge to correlated equilibrium

Bhattacharya, Ayan - In: Games 10 (2019) 1/6, pp. 11

I study the path properties of adaptive heuristics that mimic the natural dynamics of play in a game and converge to the set of correlated equilibria. Despite their apparent differences, I show that these heuristics have an abstract representation as a sequence of probability distributions that...

Persistent link: https://www.econbiz.de/10012015733

Incomplete information about social preferences explains equal division and delay in bargaining

Kohler, Stefan - In: Games 3 (2012) 3, pp. 119-137

Two deviations of alternating-offer bargaining behavior from economic theory are observed together, yet have been studied separately. Players who could secure themselves a large surplus share if bargainers were purely self-interested incompletely exploit their advantage. Delay in agreement...

Persistent link: https://www.econbiz.de/10009754119

Generalized backward induction : justification for a folk algorithm

Kaminski, Marek - In: Games 10 (2019) 3/34, pp. 1-25

I introduce axiomatically infinite sequential games that extend Kuhn’s classical framework. Infinite games allow for (a) imperfect information, (b) an infinite horizon, and (c) infinite action sets. A generalized backward induction (GBI) procedure is defined for all such games over the roots...

Persistent link: https://www.econbiz.de/10012062309

On information aggregation and interim efficiency in networks

Jiménez-Martínez, Antonio - In: Games 8 (2017) 1, pp. 1-14

This paper considers a population of agents that are engaged in a listening network. The agents wish to match their actions to the true value of some uncertain (exogenous) parameter and to the actions of the other agents. Each agent begins with some initial information about the parameter and,...

Persistent link: https://www.econbiz.de/10011621465

Dynamic durable goods monopoly and market power

Altan, Basak - In: Games 11 (2020) 2, pp. 1-14

We analyze a vertically differentiated market for an imperfectly durable good served by a monopolist in an infinite-horizon, discrete-time game. Our goal is to identify the Markov perfect stationary equilibria where the seller can maintain his monopoly power. We establish that the set of...

Persistent link: https://www.econbiz.de/10013200021

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