Investigating the strategic advantage of negatively interdependent preferences in action monotonic games, we derive characterizing conditions both for general action monotonic games and for the subclass of action monotonic games with spillovers. Examples demonstrate the generality of our...

It is shown that the equilibrium notion of an evolutionary stable strategy (ESS) does have predictive power for standard models of Bertrand competition. This is in contrast to a recent claim by Qin and Stuart (1997). The claim is based on the observation that the solution concept ESS behaves...

Der Nobelpreis für Wirtschaftswissenschaften 2007 wurde an Leonid Hurwicz, Eric S. Maskin und Roger B. Myerson für Ihre grundlegenden Beiträge zur Mechanismus-Design-Theorie vergeben. Worin liegt der Erfolg der Mechanismus-Design-Theorie begründet? Was sind ihre Perspektiven?