Showing 1 - 10 of 132
Persistent link: https://www.econbiz.de/10008563085
This paper studies a decentralized job market model where firms (academic departments) propose sequentially a (unique) position to some workers (Ph.D. candidates). Successful candidates then decide whether to accept the offers, and departments whose positions remain unfllled propose to other...
Persistent link: https://www.econbiz.de/10010851385
We provide a new proof of the non-emptiness of approximate cores of games with many players of a finite number of types. Earlier papers in the literature proceed by showing that, for games with many players, equal-treatment cores of their "balanced cover games", which are non-empty, can be...
Persistent link: https://www.econbiz.de/10011261641
We demonstrate that if any realization of a strategy for a Bayesiangame is, with high probability, an approximate Nash equilibrium of the induced game of complete information, then there is purification of that strategy that is an approximate equilibrium of the original Bayesian game. We also...
Persistent link: https://www.econbiz.de/10005368553
We consider a general equilibrium local public goods economy in which agents have two distinguishing characteristics. The first is 'crowding type', which is publicly observable and provides direct costs or benefits to the jurisdiction (coalition or firms) the agent joins. The second is taste...
Persistent link: https://www.econbiz.de/10005368593
We introduce a framework of noncooperative pregames, in which players are characterized by their attributes, and demonstrate that for all games with sufficiently many players, there exist approximate (e) Nash equilibria in pure strategies. In fact, every mixed strategy equilibrium can be used to...
Persistent link: https://www.econbiz.de/10005368599
This paper studies a decentralized job market model where firms (academic departments) propose sequentially a (unique) position to some workers (Ph.D. candidates). Successful candidates then decide whether to accept the offers, and departments whose positions remain unfilled propose to other...
Persistent link: https://www.econbiz.de/10005368644
Female primates carry and nurse the fetus, and thus have the first responsibility for rearing the offspring. Assuming males are at least equally adept at obtaining food, males might either share surplus food with females or consume the food themselves. The distribution of this surplus is the...
Persistent link: https://www.econbiz.de/10005368670
Is conformity amongst similar individuals consistent with self-interested behavior? We consider a model of incomplete information in which each player receives a signal, interpreted as an allocation to a role, and can make his action choice conditional on his role. Our main result demonstrates...
Persistent link: https://www.econbiz.de/10005368685
In the context of a socially networked economy, this paper demonstrates an Edgeworth equivalence between the set of competitive allocations and the core. Each participant in the economy may have multiple links with other participants and the equilibrium network may be as large as the entire set...
Persistent link: https://www.econbiz.de/10005368696