Showing 1 - 10 of 527
behavior. Specifically, we focus on comparing communication games with messages stating an intention versus a request. Our …This paper investigates how different message structures impact communication strategy as well as sender and receiver … contributing to the differences in games where messages lack the self-committing property. …
Persistent link: https://www.econbiz.de/10012432600
others creating socially suboptimal outcomes. We investigate if and how communication mitigates the strategic delay in … introducing communication into this setting reduces strategic delay. We implement our model in a laboratory experiment utilizing a … 2x2 design, where we vary the availability of communication and the number of agents. We find that communication …
Persistent link: https://www.econbiz.de/10013375345
members of a coalition. We then define a concept of the Core that takes into account these communication possibilities. The …
Persistent link: https://www.econbiz.de/10011504624
This paper analyzes incentives for polluting firms to exchange abatement cost information under the non-linear pollution tax scheme ('differential tax') introduced by Kim and Chang [J. Regul. Econom. 5, 1993, 193-197]. It shows that polluting firms have - under mild conditions - an incentive to...
Persistent link: https://www.econbiz.de/10011324997
This paper provides a general overview of the literature on the core of an exchange economy with asymmetric information. Incentive compatibility is emphasized in studying core concepts at the ex ante and interim stage. The analysis includes issues of non-emptiness of the core as well as core...
Persistent link: https://www.econbiz.de/10010318870
We propose a definition of egalitarian equivalence that extends Pazner and Schmeidler’s (1978) concept to environments with incomplete information. If every feasible allocation rule can be implemented by an incentive compatible mechanism (as, for instance, in the case of non-exclusive...
Persistent link: https://www.econbiz.de/10008669313
We show that a rational expectations equilibrium need not be incentive compatible, need not be implementable as a perfect Bayesian equilibrium and may not be fully Pareto optimal, unless the utility functions are state independent. A comparison of rational expectations equilibria with core...
Persistent link: https://www.econbiz.de/10009728179
This paper analyses an entry timing game with uncertain entry costs. Two firms receive costless signals about the cost of a new project and decide when to invest. We characterize the equilibrium of the investment timing game with private and public signals. We show that competition leads the two...
Persistent link: https://www.econbiz.de/10009409636
information on the resulting profits and total social cost. -- partition function form games ; electrical energy transmission …
Persistent link: https://www.econbiz.de/10009719691
approximate interim cores with endogenous communication. This is done by proving nonemptiness of approximate ex post cores … on an adaptation of the small group effectiveness condition, previously proposed for games of complete information. The …
Persistent link: https://www.econbiz.de/10011405139