This paper extends Li (2008b) to the multi-agent environment, where players reason about each other's awareness as well as knowledge, subject to their own awareness constraints. I characterize the interactive knowledge hierarchies under unawareness, which significantly differ from those in the...

The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Modica and Rustichini, 1994, Dekel, Lipman and Rustichini, 1998). We introduce a generalized state-space model that allows for non-trivial unawareness among several individuals, and which satisfies...

Heifetz, Meier and Schipper (2005) introduced a generalized state-space model that allows for non-trivial unawareness among several individuals and strong properties of knowledge. We show that this generalized state-space model arises naturally if states consist of maximally consistent sets of...

We build on the imperfection of intellectual property rights as the central motivation for the organization of firms. There are several characteristics specific to a theory of the firm grounded on the absence of intellectual property rights: monetary incentive schemes arise naturally as a...

Nowadays it is quite evident that knowledge-based society necessarily involves the revaluation of human and intangible assets, as the advancement of local economies significantly depend on the qualitative and quantitative characteristics of human capital. As we can instantaneously link the...

Modern underground space planning knowledge sharing no longer depends on face-to-face meetings, lectures or phone calls only. The conventional read-only Web 1.0 designed by HTML helps us know about the World wide underground space planning. Nevertheless, during the era of Web 1.0, online users...

We analyze the role of resource transfers for peace to hold in equilibrium in a conflict between a single party and an alliance of two parties, motivated by the historical examples of the Crusades and the Balkan Wars. The conflict concerns the resources that belong to the single party. The...

Within the transfer space source and sink exchange substrates (material and energy) to selfishly optimize their own productivity. Under certain conditions this will lead to a productivity increase of the whole ensemble. The present day view that cooperation is the most productive interaction...

Awareness structures by Fagin and Halpern (1988) (FH) feature a syntactic awareness correspondence and accessibility relations modeling implicit knowledge. They are a flexible model of unawareness, and best interpreted from a outside modeler's perspective. Unawareness structures by Heifetz,...

Problem Definition: This paper studies the information-sharing strategy for a retail platform on which multiple competing sellers distribute their products. Academic/Practical Relevance: Due to the rapid growth of retail platforms in recent years, information sharing has become an increasingly...