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In this paper we apply the concept of preference conjecture equilibrium introduced in Perea (2003) to signaling games and show its relation to sequential equilibrium. Furthermore, we introduce the concept of minimum revision equilibrium and show how this can be interpreted as a refinement of...
Persistent link: https://www.econbiz.de/10011202008
In an estate division problem an estate has to be divided among several players whose total entitlement to the estate exceeds its size. This paper extends the non-cooperative approach through a claim game, as initiated by O'Neill (1982), by allowing players to put multiple claims on the same...
Persistent link: https://www.econbiz.de/10009249704
We characterize all n-person multi-valued bargaining solutions, defined on the domain of all finite bargaining problems, and satisfying Weak Pareto Optimality (WPO), Covariance (COV), and Independence of Irrelevant Alternatives (IIA). We show that these solutions are obtained by iteratively...
Persistent link: https://www.econbiz.de/10010993398
The classical bankruptcy problem is extended by assuming that there are multiple estates. In the finite estate case, the agents have homogeneous preferences per estate, which may differ across estates. In the more general infinite estate problem, players have arbitrary preferences over an...
Persistent link: https://www.econbiz.de/10011117140
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Two-person noncooperative games with finitely many pure strategies and ordinal preferences over pure outcomes are considered, in which probability distributions resulting from mixed strategies are evaluated according to t-degree stochastic dominance. A t-best reply is a strategy that induces a...
Persistent link: https://www.econbiz.de/10005304883
In this paper we apply the concept of preference conjecture equilibrium introduced in Perea (2003) to signaling games and show its relation to sequential equilibrium. Furthermore, we introduce the concept of minimum revision equilibrium and show how this can be interpreted as a refinement of...
Persistent link: https://www.econbiz.de/10005305009
The class of bargaining solutions that are defined on the domain of finite sets of alternatives and satisfy Weak Pareto Optimality (WPO), Independence of Irrelevant Alternatives (IIA) and Covariance (COV), is characterized. These solutions select from the set of maximizers of a nonsymmetric Nash...
Persistent link: https://www.econbiz.de/10005209924