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economics can provide insight into many aspects of sports, including soccer. Beautiful Game Theory is the first book that uses …-Huerta illuminates economics through the world’s most popular sport. He offers unique and often startling insights into game theory and … microeconomics, covering topics such as mixed strategies, discrimination, incentives, and human preferences. He also looks at finance …
Persistent link: https://www.econbiz.de/10011082755
can provide insight into many aspects of sports, including soccer. Beautiful Game Theory is the first book that uses …-Huerta illuminates economics through the world’s most popular sport. He offers unique and often startling insights into game theory and … microeconomics, covering topics such as mixed strategies, discrimination, incentives, and human preferences. He also looks at finance …
Persistent link: https://www.econbiz.de/10011082771
core concept, called the two stage core, which is appropriate for analyzing asset market and differential information … economies, with sequential trade. The two stage core characterizes fully optimal allocations. vVe show that the two stage core … always exists under standard continuity and concavity assumptions. We derive the two stage core of an asset markets economy …
Persistent link: https://www.econbiz.de/10005043103
Persistent link: https://www.econbiz.de/10005755764
>) core characterizations of a continuum economy may fail in this general informational setting. However, under mild …
Persistent link: https://www.econbiz.de/10010993552
We study a cost allocation problem under asymmetric information, and show that the ex ante incentive compatible core is … non-empty. We also obtain a non-emptiness result for the incentive compatible coarse core, which is one concept of an … interim core. …
Persistent link: https://www.econbiz.de/10011265359
apply them in the characterization of two solution concepts. One is Wilson's (1978) Coarse Core and the other is a … subsolution of it which we call the Coarse+ Core. …
Persistent link: https://www.econbiz.de/10005357971
Persistent link: https://www.econbiz.de/10005715490
economies under asymmetric information. I obtain a new notion of core that refines Wilson (1978)'s coarse core. It is nonempty … as a technical tool for proving the nonemptiness of the coarse core. Indeed, the core converges to the set of Wilson …
Persistent link: https://www.econbiz.de/10005130196
This paper provides a general overview of the literature on the core of an exchange economy with asymetric information …. Incentive compatibility is emphasized in studying core concepts at the ex ante and the interim stage.The analysis includes … issues of non emptiness of the core as wellas core convergence to price equilibrium allocations. …
Persistent link: https://www.econbiz.de/10005008294