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This paper considers a model of society [script S] with a finite number of individuals, n, a finite set off alternatives, Omega, effective coalitions that must contain an a priori given number q of individuals. Its purpose is to extend the Nakamura Theorem (1979) to the quota games where...
Persistent link: https://www.econbiz.de/10005375584
We analyze an independent private values model where a number of objects are sold in sequential first- and second-price auctions. Bidders have unit demand and their valuation for an object is decreasing in the rank number of the auction in which it is sold. We derive efficient equilibria if...
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This paper reports results of experiments on three-person quota games without the grand coalition and with zero values for the one-person coalitions. The experimental procedure used is the demand commitment model. This model generates finite extensive games with perfect information whose neutral...
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