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Persistent link: https://www.econbiz.de/10005413664
In an estate division problem an estate has to be divided among several players whose total entitlement to the estate exceeds its size. This paper extends the non-cooperative approach through a claim game, as initiated by O'Neill (1982), by allowing players to put multiple claims on the same...
Persistent link: https://www.econbiz.de/10009249704
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Simon and Stinchcombe distinguish two approaches to perfect equilibrium, the “trembling hand” approach, and the “finitistic” approach, for games with compact action spaces and continuous payoffs. We investigate relations between the different types of perfect equilibrium introduced by...
Persistent link: https://www.econbiz.de/10011049681
We show that Nash equilibrium components are universal for the collection of connected polyhedral sets. More precisely for every polyhedral set we construct a so-called binary game—a game where all players have two pure strategies and a common utility function with values either zero or...
Persistent link: https://www.econbiz.de/10011049803
The classical bankruptcy problem is extended by assuming that there are multiple estates. In the finite estate case, the agents have homogeneous preferences per estate, which may differ across estates. In the more general infinite estate problem, players have arbitrary preferences over an...
Persistent link: https://www.econbiz.de/10011117140