Similar Search Results

Puente Díaz, Sergio - 2006

modification of the available theory is needed: we need to relax the assumption that the game starts in a given period. Under this …

Persistent link: https://www.econbiz.de/10012530129

14.123 Microeconomic Theory III, Spring 2009

Eso, Peter - 2009

This half-semester course discusses decision theory and topics in game theory. We present models of individual decision …, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi …-stage games, sequential equilibrium, trembling-hand perfection, stability, signaling games, theory of auctions, global games …

Persistent link: https://www.econbiz.de/10009432546

Institutional Equilibrium and Equilibrium Institutions

Shepsle, Kenneth A. - 1983

"This theme paper focuses on political institutions and their effects on social choice. Institutions are argued to play a mediating rolebetween the preferences of individuals and social choices. In addition to playing an endogenous role in molding and channeling preferences, institutions...

Persistent link: https://www.econbiz.de/10009468358

On Maskin monotonicity of solution based social choice rules

Haake, Claus-Jochen; Trockel, Walter - 2007

Howard (1992) argues that the Nash bargaining solution is not Nash implementable, as it does not satisfy Maskin monotonicity. His arguments can be extended to other bargaining solutions as well. However, by defining a social choice correspondence that is based on the solution rather than on its...

Persistent link: https://www.econbiz.de/10009452531

Monotonicity and Nash implementation in matching markets with contracts

Haake, Claus-Jochen; Klaus, Bettina - 2005

We consider general two-sided matching markets, so-called matching with contracts markets as introduced by Hatfield and Milgrom (2005), and analyze (Maskin) monotonic and Nash implementable solutions. We show that for matching with contracts markets the stable correspondence is monotonic and...

Persistent link: https://www.econbiz.de/10009452484

Stability and Nash implementation in matching markets with couples

Haake, Claus-Jochen; Klaus, Bettina - 2008

We consider two-sided matching markets with couples. First, we extend a result by Klaus and Klijn (2005, Theorem 3.3) and show that for any weakly responsive couples market there always exists a "double stable" matching, i.e., a matching that is stable for the couples market and for any...

Persistent link: https://www.econbiz.de/10009452542

Secure implementation

Tatsuyoshi Saijo; Tomas Sjostrom; Takehiko Yamato - Osaka University; Rutgers University; Tokyo Institute … - 2007

truth-telling be a dominant strategy, is a standard concept in social choice theory. However, this concept has serious …

Persistent link: https://www.econbiz.de/10009455268

Nash implementation with little communication

Ilya R. Segal - Department of Economics, Stanford University - 2010

[This item is a preserved copy. To view the original, visit http://econtheory.org/] The paper considers the communication complexity (measured in bits or real numbers) of Nash implementation of social choice rules. A key distinction is whether we restrict to the traditional one-stage mechanisms...

Persistent link: https://www.econbiz.de/10009455390

Investment Strategies under Uncertainty: Theory and evidence of preemption in case of geographical market entrance

Karoly, Andrea - 2007

This thesis develops an equilibrium framework for strategic exercise of geographical market entry option. The theoretical model analyses the impact of asymmetries of the competing firms such as follower entry barrier and asymmetric profitability on the optimal market entry timing and firm...

Persistent link: https://www.econbiz.de/10009484808

Learning by trial and error

Young, H. Peyton - 2008

A person learns by trial and error if he occasionally tries out new strategies, rejecting choices that are “erroneous” in the sense that they do not lead to higher payoffs. In a game, however, strategies can become erroneous due to a change of behavior by someone else. Such passive errors...

Persistent link: https://www.econbiz.de/10009441532

1
2
3
4
5
6
7
8
9
10
Next
Last