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Option Contracts and Renegotiation in Complex Environments

Rasmusen, Eric Bennett; Lyon, Thomas P. - 2006

Hart & Moore (1999) construct a model to show that contracts perform poorly when the state of the world is unverifiable …

Persistent link: https://www.econbiz.de/10014135183

Feedback and incentives: experimental evidence

Eriksson, Tor; Poulsen, Anders; Villeval, Marie-Claire - 2008

This paper experimentally investigates the impact of different pay and relative performance information policies on … employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through … off. Moreover, in both pay schemes information feedback reduces the quality of the low performers' work. …

Persistent link: https://www.econbiz.de/10010268675

College admissions and the role of information: An experimental study

Pais, Joana; Pintér, Agnes; Veszteg, Róbert F. - 2008

experimental lab in three different informational settings, and study the role of information in individual decision making. Our … truthful preference revelation. In addition, we find that information has an important effect on truthful behavior and … stability. Nevertheless, regarding efficiency, the Gale-Shapley mechanism is less sensitive to the amount of information …

Persistent link: https://www.econbiz.de/10010332350

What if Achilles and the tortoise were to bargain? An argument against interim agreements

Samet, Dov - 2009

Zeno's paradoxes of motion, which claim that moving from one point to another cannot be accomplished in finite time, seem to be of serious concern when moving towards an agreement is concerned. Parkinson's Law of Triviality implies that such an agreement cannot be reached in finite time. By...

Persistent link: https://www.econbiz.de/10015222043

On the existence and stability of Pareto optimal endogenous matching with fairness

Dai, Darong - 2012

In the current paper, we study the asymmetric normal-form game between two heterogeneous groups of populations by employing the stochastic replicator dynamics driven by Lévy process. A new game equilibrium, i.e., the game equilibrium of a stochastic differential cooperative game on time, is...

Persistent link: https://www.econbiz.de/10015233200

On the Existence and Stability of Pareto Optimal Endogenous Matching with Fairness

Dai, Darong - 2012

Persistent link: https://www.econbiz.de/10015233259

Handbook of Game Theory and Industrial Organization, Volume II: Applications. An Introduction

Corchon, Luis; Marini, Marco A. - 2017

We introduce here the second volume of the Handbook of Game Theory and Industrial Organization, by L. C. Corchón and M. A. Marini (ed.), Edward Elgar, Cheltenam, UK and Northampton, MA, describing its main aim and its basic structure.

Persistent link: https://www.econbiz.de/10015257501

The Moral Theory of Value ; A Gift Lemma

Mughal, Adil Ahmad - 2022

Aside from the calculating and always troublesome utilitarian ethic, a moral theory of value can better serve as a desirable form of the veil of ignorance analogy on the part of the arbitration of allocation procedures. Philosopher Soren Kierkegaard suggested a 'moral absolute' that achieves a...

Persistent link: https://www.econbiz.de/10015268692

The inter-institutional distribution of power in EU codecision

Napel, Stefan; Widgrén, Mika - 2004

This paper analyzes the a priori influence of the European Parliament (EP) and the Council of Ministers (CM) on legislation of the European Union adopted under its codecision procedure. In contrast to studies which use conventional power indices, both institutions are assumed to act...

Persistent link: https://www.econbiz.de/10010284909

A cooperative value for Bayesian games

Kalai, Adam; Kalai, Ehud - 2010

construct mechanisms that facilitate such cooperation, especially in the case of asymmetric private information. The two major …

Persistent link: https://www.econbiz.de/10010286981