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measure is not based on pivotality, but rather on a measure of freedom of choice in individual decisions. Indeed, I use the …
Persistent link: https://www.econbiz.de/10014112437
Different evaluators typically disagree how to rank different candidates since theycare more or less for the various qualities of the candidates. It is assumed that allevaluators submit vector bids assigning a monetary bid for each possible rank order.The rules must specify for all possible...
Persistent link: https://www.econbiz.de/10009248888
We consider the problem of fairly allocating one indivisible object when monetary transfers are possible, and examine the existence of Bayesian incentive compatible mechanisms to solve the problem. We propose a mechanism that satisfies envy-freeness, budget balancedness, and Bayesian incentive...
Persistent link: https://www.econbiz.de/10014212939
We present a new three-player game in which a proposer makes a suggestion on how to split $10 with a passive responder. The offer is accepted or rejected depending on the strategy profile of the neutral third-party whose payoffs are independent from his decisions. If the offer is accepted the...
Persistent link: https://www.econbiz.de/10014158292
) classic measures of freedom of choice are a special case of the ∆ index in the context of individual choice; (ii) the Banzhaf …
Persistent link: https://www.econbiz.de/10014083894
We examine ibn Ezra's procedure (Rabinovitch 1973; O'Neill 1982) historically used to solve the Rights Arbitration problem in the general framework of bankruptcy problems. When the greatest claim is larger than or equal to the estate, the procedure is a maximal game (Aumann 2010). However, when the...
Persistent link: https://www.econbiz.de/10013031630
We examine the Talmudic three wives problem, which is a generalization of the Talmudic contested garment problem solved by Aumann and Maschler (1985) using coalitional procedure. This problem has many practical applications. In an attempt to unify all Talmudic methods, Guiasu (2010, 2011)...
Persistent link: https://www.econbiz.de/10013031631
This chapter studies the theory of value of games with infinitely many players.Games with infinitely many players are models of interactions with many players. Often most of the players are individually insignificant, and are effective in the game only via coalitions. At the same time there may...
Persistent link: https://www.econbiz.de/10014024489
Ever since Sen crystallized the logical conflict between the welfaristic value of the Pareto principle and the nonwelfaristic value of individual libertarian rights into what he christened the impossibility of a Paretian liberal , there have been many attempts in social choice theory to...
Persistent link: https://www.econbiz.de/10014025185
We present a three-player game in which a proposer makes a suggestion on how to split $10 with a passive responder. The offer is accepted or rejected depending on the strategy pro le of a neutral third-party whose payoffs are independent from his decisions. If the offer is accepted the split...
Persistent link: https://www.econbiz.de/10010413243