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Die vorliegende Arbeit geht der Frage nach, ob sich in China eine Zivilgesellschaft in der Entstehung befindet. Die Autorinnen und Autoren widmen sich hierfür einer Reihe politischer und sozialer Entwicklungen und Phänomene, die auf ein sich änderndes Beziehungsgefüge zwischen Staat und...
Persistent link: https://www.econbiz.de/10008682577
Fixed point theorems are the standard tool used to prove the existence of equilibria in mathematical economics. This paper shows how to prove a slight generalization of Brouwer's and Kakutani's fixed point theorems using the familiar techniques of drawing and shifting curves in the plane and is,...
Persistent link: https://www.econbiz.de/10005607526
We show that the result on the existence of a unique Nash perfect equilibrium in two-bidder multi-unit sequential second-price auctions under complete information (as in Krishna, 1993; Katzman, 1999; and Gale and Stegeman, 2001) is not robust in higher dimensional auctions. Using an example featuring...
Persistent link: https://www.econbiz.de/10011278835
We analyze a complete information multilateral bargaining model in which a buyer is to purchase two complementary goods from two sellers. Binding cash-offer contracts are used to govern transactions. In contrast to preexisting literature, we do not normalize the parties' reservation utilities to...
Persistent link: https://www.econbiz.de/10011263611
Persistent link: https://www.econbiz.de/10005155710
We study a bilateral multi-issue bargaining procedure with complete information and endogenous unrestricted agenda, in which offers can be made in any subset of outstanding issues. We find necessary and sufficient conditions for this procedure to have a unique subgame perfect equilibrium agreement.
Persistent link: https://www.econbiz.de/10005481460
Rationalizability is a widely accepted solution concept in the study of strategic form game with complete information and is fully characterized in terms of assumptions on the rationality of the players and common certainty of rationality. Battigalli and Siniscalchi extend rationalizability and...
Persistent link: https://www.econbiz.de/10008509917
In their recent paper Goeree et al. (2005) determine that all-pay auctions are better for fundraising activities than lotteries. We show that the introduction of asymmetry among valuations with complete information could reverse this result. Complete information seems well suited to some charity...
Persistent link: https://www.econbiz.de/10008550187
We consider the implementation of social choice functions under complete information in rationalizable strategies. A strict (and thus stronger) version of the monotonicity condition introduced by Maskin (1999) is necessary under the solution concept of rationalizability. Assuming the social...
Persistent link: https://www.econbiz.de/10008476247
This note studies (full) implementation of social choice functions under complete information in (correlated) rationalizable strategies. The monotonicity condition shown by Maskin (1999) to be necessary for Nash implementation is also necessary under the more stringent solution concept. We show...
Persistent link: https://www.econbiz.de/10004998323