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Asymmetric group loans, non-assortative matching and adverse selection

Gangopadhyay, Shubhashis; Lensink, Robert - In: Economics letters 124 (2014) 2, pp. 185-187

Persistent link: https://www.econbiz.de/10010493162

A Dual Perspective on Information Design

Galperti, Simone - 2018

The problem of optimally designing information for multiple agents who interact in a game can be formulated as a linear program. We explore its dual representation and show that it provides a novel perspective and new economic insights into the information-design problem. Through the lens of the...

Persistent link: https://www.econbiz.de/10012906905

Information Asymmetry and Incentives for Active Management

Kim, Min S. - 2010

This paper presents a model in which fund managers choose between active management and passive management when investors cannot directly observe managers' efforts and skills. In an equilibrium skilled managers actively manage their funds only when skills can add a large value in active...

Persistent link: https://www.econbiz.de/10013135435

Overcoming Free Riding in Multi-Party Computations - The Anonymous Case

Smorodinsky, Rann; Tennenholtz, Moshe - 2012

This paper addresses the question of multi-party computation in a model with asymmetric information. Each agent has a private value (secret), but in contrast to standard models, the agent incurs a cost when retrieving the secret. There is a social choice function the agents would like to compute...

Persistent link: https://www.econbiz.de/10014172010

Information and small group effectiveness in large quasilinear economies

Kamishiro, Yusuke; Serrano, Roberto; Wooders, Myrna Holtz - 2015 - This version: October 2015

In large quasilinear economies, we provide sufficient conditions to establish the nonemptiness of several versions of approximate interim cores with endogenous communication. This is done by proving nonemptiness of approximate ex post cores satisfying incentive compatibility. When the number of...

Persistent link: https://www.econbiz.de/10011405139

Small informational size and interim cores of large quasilinear economies

Kamishiro, Yusuke; Serrano, Roberto - 2018

We provide nonemptiness results of approximate interim cores with endogenous communication in large quasilinear economies, where every agent's informational size is small. We offer results for both replica and more general sequences of economies.

Persistent link: https://www.econbiz.de/10011890497

Competition and cooperation in a PFF game theoretic model of electrical energy trade

Csercsik, Dávid - 2013

A cooperative game theoretic framework is introduced to study the behavior of cooperating and competing electrical energy providers considering price-preference rational consumers. We analyze the interactions of generators in an idealized environment described by a DC load flow model where the...

Persistent link: https://www.econbiz.de/10009719691

Deception Through Telling the Truth?! Experimental Evidence from Individuals and Teams

Sutter, Matthias - 2008

Informational asymmetries abound in economic decision making and often provide an incentive for deception through telling a lie or misrepresenting information. In this paper I use a cheap-talk sender-receiver experiment to show that telling the truth should be classified as deception too if the...

Persistent link: https://www.econbiz.de/10014219101

Chapter 25 Terrorism: A Game-Theoretic Approach

Sandler, Todd; Arce, Daniel G. - In: Handbook of defense economics : volume 2, Defense in a …, (pp. 775-813). 2007

This chapter surveys the past applications of game theory to the study of terrorism. By capturing the strategic … interplay between terrorists and targeted governments, game theory is an appropriate methodology for investigating terrorism and … counterterrorism. Game theory has been used to examine the interaction among targeted governments, the interface between factions …

Persistent link: https://www.econbiz.de/10014024404

Deception through telling the truth?! : experimental evidence from individuals and teams

Sutter, Matthias - 2007

Persistent link: https://www.econbiz.de/10003675403