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The Constrained Equal Awards and Equal Losses rules are traditional ways to solve bankruptcy problems. These rules are characterized by two parameters α and β that represent, respectively, the maximum amount a claimant receives, or the maximum amount a claimant loses. Moreover, these rules...
Persistent link: https://www.econbiz.de/10012962816
are two-fold. Firstly, we investigate how a Nash equilibrium among agents who have moral scruples may ensure that the …
Persistent link: https://www.econbiz.de/10012119755
and varying individual preferences on players' strategies and equilibrium outcomes through numerical simulations of a …
Persistent link: https://www.econbiz.de/10010264274
Ostrovsky [10] develops a theory of stability for a model of matching in exogenously given networks. For this model a generalization of pairwise stability, chain stability, can always be satisfied as long as agents’ preferences satisfy same side substitutability and cross side complementarity....
Persistent link: https://www.econbiz.de/10010270419
the sequential Raiffa solution of (S,d). Moreover all those equilibria share the same equilibrium path consisting of … of a sequential Raiffa (solution based) social choice rule in subgame perfect equilibrium. …
Persistent link: https://www.econbiz.de/10010272572
and varying individual preferences on players' strategies and equilibrium outcomes through numerical simulations of a …
Persistent link: https://www.econbiz.de/10010312354
games among multiple players, we identify the main features of players' optimal strategies and equilibrium agreements. As in …
Persistent link: https://www.econbiz.de/10010312580
Power indices suggest that adding new members to a voting body may increase the power of an existing member, even if the number of votes of all existing members and the decision rule remain constant. This phenomenon is known as the paradox of new members. This paper shows that the paradox has...
Persistent link: https://www.econbiz.de/10010290535
Ostrovsky [10] develops a theory of stability for a model of matching in exogenously given networks. For this model a generalization of pairwise stability, chain stability, can always be satisfied as long as agents’ preferences satisfy same side substitutability and cross side complementarity....
Persistent link: https://www.econbiz.de/10003950989
equilibrium for past EU enlargements. Furthermore, a majority of members would have been in favor of the 1981 enlargement even if …
Persistent link: https://www.econbiz.de/10008747121