Showing 1 - 10 of 2,128
Howard (1992) argues that the Nash bargaining solution is not Nash implementable, as it does not satisfy Maskin monotonicity. His arguments can be extended to other bargaining solutions as well. However, by defining a social choice correspondence that is based on the solution rather than on its...
Persistent link: https://www.econbiz.de/10003731672
Persistent link: https://www.econbiz.de/10003942049
Persistent link: https://www.econbiz.de/10012288365
Persistent link: https://www.econbiz.de/10011573276
Persistent link: https://www.econbiz.de/10011573828
Persistent link: https://www.econbiz.de/10011713528
The paper explores organizations designed to influence a group to choose specific alternatives from a set of possible choices. The perspective is that of an administrator that has personal objectives not shared by the group and can dictate organization but not group choice. The design works...
Persistent link: https://www.econbiz.de/10014144246
Persistent link: https://www.econbiz.de/10011825499
Persistent link: https://www.econbiz.de/10012434474
Conditions α and β are two well-known rationality conditions in the theory of rational choice. This paper examines the implication of weaker versions of these two rationality conditions in the context of solutions to non-convex bargaining problems. It is shown that, together with the standard...
Persistent link: https://www.econbiz.de/10008653615