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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
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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
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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
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A model for coopetitive games
Carfì, David - 2010
In the present introductory work we propose an original analytical model of coopetitive game. We suggest possible general and feasible solutions; in particular, from a coopetitive perspective, we suggest compromise solutions - for our coopetitive game, by using Kalai-Smorodinsky method.
Persistent link: https://www.econbiz.de/10015244844
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Mathématique et Démocratie : une contribution de la Théorie du Choix Social à la pratique de la démocratie en RDC
Ngoie, Ruffin-Benoît M.; Mbaka, Ruffin M. - 2014
The purpose of this paper is to have in a simple and detailed way the significant results in theory of social choice and to study the resource sharing (goods or responsibilities) between petitioning agents in a proof of election. While analyzing social choice functions more in sight, we present...
Persistent link: https://www.econbiz.de/10015247732
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Hypothetical Bargaining and the Equilibrium Selection Problem in Non-Cooperative Games
Radzvilas, Mantas - 2016
Orthodox game theory is often criticized for its inability to single out intuitively compelling Nash equilibria in non-cooperative games. The theory of virtual bargaining, developed by Misyak and Chater (2014) suggests that players resolve non-cooperative games by making their strategy choices...
Persistent link: https://www.econbiz.de/10015251261
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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
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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
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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
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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/10015233259