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dominance in which an outcome can be dominated by a chain of coalitional `moves' in which each coalition that is involved in the …
Persistent link: https://www.econbiz.de/10012159046
This paper introduces a model of coalition formation with claims. It assumes that agents have claims over the outputs … coalition formation emerges. Using resource monotonicity and consistency, we characterize the continuous rationing rules that …
Persistent link: https://www.econbiz.de/10011937226
, which capture foresight and impose the requirement that each coalition in a sequence of coalitional moves chooses optimally … that specifies the negotiation procedure underlying coalition formation. Therefore, it forms a bridge between the non …
Persistent link: https://www.econbiz.de/10012308618
. In particular, it is equivalent to the set of perfectly coalition-proof Nash equilibria (Bernheim, Peleg, and Whinston …
Persistent link: https://www.econbiz.de/10011694996
We analyze the structure of a society driven by power relations. Our model has an exogenous power relation over the set of coalitions of agents. Agents determine the social order by forming coalitions. The power relations determine the ranking of agents in society for any social order. We study...
Persistent link: https://www.econbiz.de/10011699228
We study large-population repeated games where players are symmetric but not anonymous, so player-specific rewards and punishments are feasible. Players may be commitment types who always take the same action. Even though players are not anonymous, we show that an anti-folk theorem holds when...
Persistent link: https://www.econbiz.de/10014440061
To identify expertise, forecasters should not be tested by their calibration score, which can always be made arbitrarily small, but rather by their Brier score. The Brier score is the sum of the calibration score and the refinement score; the latter measures how good the sorting into bins with...
Persistent link: https://www.econbiz.de/10014440068
This paper generalizes the concept of Bayes' correlated equilibrium Bergemann and Morris (2016) to multistage games. We apply our characterization results to a number of illustrative examples and applications.
Persistent link: https://www.econbiz.de/10014440070
This paper studies a game of attack and interception in a network where a single attacker chooses a target and a path, and each node chooses a level of protection. We show that the Nash equilibrium of the game exists and is unique. We characterize equilibrium attack paths and attack...
Persistent link: https://www.econbiz.de/10014440079
We study contracting when both principal and agent have to exert noncontractible effort for production to take place. An analyst is uncertain about what actions are available and evaluates a contract by the expected payoffs it guarantees to each party in spite of the surrounding uncertainty....
Persistent link: https://www.econbiz.de/10014440091