Showing 1 - 10 of 29
payoffs of a game where each player faces the possibility of bargaining at random against any other player. In the kooperative …
Persistent link: https://www.econbiz.de/10010318958
Persistent link: https://www.econbiz.de/10010420254
We provide a mechanism that approximately implements the Mas-Colell bargaining set in subgame perfect equilibrium. The … mechanism is based on the definition of the Mas-Colell bargaining set, and respects feasibility in and out of equilibrium. …
Persistent link: https://www.econbiz.de/10010318986
This paper is a survey of the work in the Nash program for coalitional games, a research agenda proposed by Nash (1953) to bridge the gap between the non-cooperative and cooperative approaches to game theory.
Persistent link: https://www.econbiz.de/10010318959
one seller, full information revelation never occurs in equilibrium and the only information transmission happens in the … first period. The outcome with n sellers depends both on the structure of sellers' information and, more importantly, on the … intensity of competition among them allowed by the trading rules. With intense competition (absence of clienteles), information …
Persistent link: https://www.econbiz.de/10010318890
We come close to characterizing the class of social choice correspondences that are implementable in rationalizable strategies. We identify a new condition, which we call set-monotonicity, and show that it is necessary and almost sufficient for rationalizable implementation. Set-monotonicity is...
Persistent link: https://www.econbiz.de/10011669323
Models of choice where agents see others as less sophisticated than themselves have significantly different, sometimes more accurate, predictions in games than does Nash equilibrium. When it comes to mechanism design, however, they turn out to have surprisingly similar implications. This paper...
Persistent link: https://www.econbiz.de/10011669325
We provide nonemptiness results of approximate interim cores with endogenous communication in large quasilinear economies, where every agent's informational size is small. We offer results for both replica and more general sequences of economies.
Persistent link: https://www.econbiz.de/10012058641
nucleolus. This paper is an update on the nucleolus and its two related supersolutions, i.e., the kernel and the bargaining set. …
Persistent link: https://www.econbiz.de/10012058650
We provide a characterization of virtual Bayesian implementation in pure strategies for environments satisfying no-total-indifference. A social choice function in such environments is virtually Bayesian implementable if and only if it satisfies incentive compatibility and a condition we term...
Persistent link: https://www.econbiz.de/10010318865