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Persistent link: https://www.econbiz.de/10011504686
The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent … ; private information ; labor markets …
Persistent link: https://www.econbiz.de/10003769812
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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/10012018578
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/10011890497
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/10011515723
satisfying incentive compatibility. When the number of agents with private information remains finite, the main argument relies … on an adaptation of the small group effectiveness condition, previously proposed for games of complete information. The …
Persistent link: https://www.econbiz.de/10011405139
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representative panel of the Dutch population, we test if these measures can explain two different types of behavior: (i) behavior in …
Persistent link: https://www.econbiz.de/10012022694
The effectiveness of social interaction depends strongly on an ability to coordinate actions efficiently. In large networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network structure. We examine how pre-play communication and...
Persistent link: https://www.econbiz.de/10012024395