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Theory of civil war under asymmetric information
Jellal, Mohamed - Volkswirtschaftliche Fakultät, … - 2014
In this paper, we consider a model that suggests that the theory of exchange with asymmetric information seems suitable to provide a possible explanation model of occurrence and duration of civil wars. We show that although civil conflicts are not Pareto optimal ex post they may be Pareto...
Persistent link: https://www.econbiz.de/10011107840
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The Provision of a Public Good with a direct Provision Technology and a Large Number of Agents
Behringer, Stefan - Volkswirtschaftliche Fakultät, … - 2008
This paper provides a limit result for the provision of a public good in a mechanism design framework as the number of agents gets large. What distinguishes the public good investigated in this analysis is its direct provision technology which is commonplace in modern information technologies.
Persistent link: https://www.econbiz.de/10005789399
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The Paris Bourse and the international capital flows before 1914
Quennouëlle-Corre, Laure - Volkswirtschaftliche Fakultät, … - 2007
This study wanted to pinpoint the different securities transactions’ channels in France, which are quite specific compared to other countries.As a matter of fact, the Paris Bourse could not be well explained without the free market and the deposit banks'transactions. This organisation leads to...
Persistent link: https://www.econbiz.de/10005835675
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Credit Expansion, the Prisoner´s Dilemma, and Free Banking as Mechanism Design
van den Hauwe, Ludwig - Volkswirtschaftliche Fakultät, … - 2008
Despite the distinctive character of the Austrian approach to “microfoundations for macroeconomics”, the literature on free banking contains a number of arguments which make use of game-theoretic concepts and models such as the well-known Prisoner´s Dilemma model. While there can be no...
Persistent link: https://www.econbiz.de/10011267869
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Consequentiality and contingent values: an emerging paradigm
Poe, Gregory L.; Vossler, Christian A. - Volkswirtschaftliche Fakultät, … - 2009
In this paper we summarize the theoretical arguments of Carson and Groves, et al., and assemble early empirical evidence that comports with this theoretical framework. In doing so, we argue that redefining criterion validity in terms of consequentiality offers the potential for a fundamental...
Persistent link: https://www.econbiz.de/10011259693
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Core stable bidding rings in independent private value auctions with externalities
Biran, Omer - Volkswirtschaftliche Fakultät, … - 2011
We consider a second price auction between bidders with independently and identically distributed valuations, where a …
Persistent link: https://www.econbiz.de/10009211237
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Three alternative (?) stories on the late 20th-century rise of game theory
Giocoli, Nicola - Volkswirtschaftliche Fakultät, … - 2008
The paper presents three different reconstructions of the 1980s boom of game theory and its rise to the present status of indispensable tool-box for modern economics. The first story focuses on the Nash refinements literature and on the development of Bayesian games. The second emphasizes the...
Persistent link: https://www.econbiz.de/10009323925
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Bidding behaviors in eBay auctions: secret reservation price and endogenous entry
JIAO, FENG - Volkswirtschaftliche Fakultät, … - 2011
This paper analyzes the secret reservation price in eBay auctions. Under the assumptions of secret and public … reservation price, the bidders choose the optimal bidding function and the seller selects equilibrium reservation price. This … model argues that the choice of secret reservation price is rational for the seller, as they can generate higher revenue in …
Persistent link: https://www.econbiz.de/10009372532
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Two examples to break through classical theorems on Nash implementation with two agents
Wu, Haoyang - Volkswirtschaftliche Fakultät, … - 2010
[E. Maskin, \emph{Rev. Econom. Stud.} \textbf{66} (1999) 23-38] is a seminal paper in the field of mechanism design and implementation theory. [J. Moore and R. Repullo, \emph{Econometrica} \textbf{58} (1990) 1083-1099] and [B. Dutta and A. Sen, \emph{Rev. Econom. Stud.} \textbf{58} (1991)...
Persistent link: https://www.econbiz.de/10008595611
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Two-person pie-cutting: The fairest cuts
Barbanel, Julius B.; Brams, Steven J. - Volkswirtschaftliche Fakultät, … - 2010
Barbanel, Brams, and Stromquist (2009) asked whether there exists a two-person moving-knife procedure that yields an envy-free, undominated, and equitable allocation of a pie. We present two procedures: One yields an envy-free, almost undominated, and almost equitable allocation, whereas the...
Persistent link: https://www.econbiz.de/10008595902