Showing 1 - 10 of 506
We introduce a new class of matching mechanisms - quantile stable mechanisms - that generate stable matchings that can … the existence of such mechanisms and that all such mechanisms are distinct. We also analyze the manipulability of these … mechanisms by market participants. …
Persistent link: https://www.econbiz.de/10012547697
as full implementation, strong budget balance and individual rationality for both users and the planner. We then modify …
Persistent link: https://www.econbiz.de/10012607393
Refinements of the Nash equilibrium have followed the strategy of extending the idea of subgame perfection to incomplete information games. This has been achieved by appropriately restricting beliefs at unreached information sets. Each new refinement gives stricter and more...
Persistent link: https://www.econbiz.de/10012061941
The problem of the existence of Berge equilibria in the sense of Zhukovskii in normal-form finite games in pure and in mixed strategies is studied. The example of a three-player game that has Berge equilibrium neither in pure, nor in mixed strategies is given.
Persistent link: https://www.econbiz.de/10012015714
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
, resulting in ‘friendly incentive equilibria’. For the antagonistic assumption, the stability requirements for a strategy profile …
Persistent link: https://www.econbiz.de/10011891212
been applied to find and verify the stability of the net equilibrium of oligopolists. The market of telecommunication …
Persistent link: https://www.econbiz.de/10014418202
In this paper, we use a partition function form game to analyze cartel formation among firms in Cournot competition. We assume that a firm obtains a certain cost advantage that allows it to produce goods at a lower unit cost. We show that if the level of the cost advantage is "moderate", then...
Persistent link: https://www.econbiz.de/10012432603
We introduce one-way games, a two-player framework whose distinguishable feature is that the private payoff of one (independent) player is determined only by her own strategy and does not depend on the actions taken by the other (dependent) player. We show that the equilibrium outcome in one-way...
Persistent link: https://www.econbiz.de/10011380868
We propose a new family of mechanisms, whereby players may give more or less directly to one another. A cornerstone … by our mechanisms (including the LPGM). In addition, for a given heterogeneity of pro-social preferences, we help to … identify which specific mechanisms perform best in terms of incentivizing giving. Our results are therefore relevant from two …
Persistent link: https://www.econbiz.de/10012061924