Munoz-Garcia, Felix; Espinola-Arredondo, Ana - In: Journal of Industrial Organization Education 5 (2011) 1, pp. 1-20
The paper presents an intuitive explanation of the Cho and KrepsÂ’ (1987) Intuitive Criterion, and the Banks and SobelÂ’s (1987) Divinity Criterion (also referred as D1-Criterion). We provide multiple examples in which students can understand, step-by-step, the two main phases involved in these...
