Showing 1 - 10 of 24
Persistent link: https://www.econbiz.de/10003914341
Persistent link: https://www.econbiz.de/10002644053
The Nash program is an important research agenda initiated in Nash (Econometrica 21:128-140, 1953) in order to bridge the gap between the noncooperative and cooperative counterparts of game theory. The program is thus turning sixty-seven years old, but I will argue it is not ready for...
Persistent link: https://www.econbiz.de/10012503895
Persistent link: https://www.econbiz.de/10000893810
Persistent link: https://www.econbiz.de/10000151778
We first observe that two of Maskin’s results do not extend beyond three players: we construct a four-player partition function with nonpositive externalities whose unique solution is inefficient, as well as a four-player characteristic function that has a unique efficient solution for each...
Persistent link: https://www.econbiz.de/10003809530
Persistent link: https://www.econbiz.de/10003423311
Persistent link: https://www.econbiz.de/10003395841
Persistent link: https://www.econbiz.de/10002388818
Persistent link: https://www.econbiz.de/10001697592