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, 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
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
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
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
I study a repeated game in which a patient player wants to win the trust of some myopic opponents but can strictly benefit from betraying them. His benefit from betrayal is strictly positive and is his persistent private information. I characterize every type of patient player's highest...
Persistent link: https://www.econbiz.de/10012587361
We consider a platform which provides probabilistic forecasts to a customer using some algorithm. We introduce a concept of miscalibration, which measures the discrepancy between the forecast and the truth. We characterize the platform's optimal equilibrium when it incurs some cost for...
Persistent link: https://www.econbiz.de/10012587367
Learning is crucial to organizational decision making but often needs to be delegated. We examine a dynamic delegation problem where a principal decides on a project with uncertain profitability. A biased agent, who is initially as uninformed as the principal, privately learns the profitability...
Persistent link: https://www.econbiz.de/10012587421
This paper studies sequential Bayesian persuasion games with multiple senders. We provide a tractable characterization of equilibrium outcomes. We apply the model to study how the structure of consultations affects information revelation. Adding a sender who moves first cannot reduce...
Persistent link: https://www.econbiz.de/10012587427
We consider a Bayesian persuasion problem where a sender's utility depends only on the expected state. We show that upper censorship that pools the states above a cutoff and reveals the states below the cutoff is optimal for all prior distributions of the state if and only if the sender's...
Persistent link: https://www.econbiz.de/10013273762