Showing 1 - 10 of 40
Persistent link: https://www.econbiz.de/10001732853
Persistent link: https://www.econbiz.de/10001687464
Persistent link: https://www.econbiz.de/10002374991
We study bargaining over contingent contracts in problems where private information becomes public or verifiable when the time comes to implement the agreement. We suggest a simple, two-stage game that incorporates important aspects of bargaining. We characterize equilibria in which parties...
Persistent link: https://www.econbiz.de/10014102025
The paper aims at extending the egalitarian principle to environments with incomplete information. The approach is primarily axiomatic, focusing on the characteristic property of monotonicity: no member of the society should be worse off when more collective decisions are available. I start by...
Persistent link: https://www.econbiz.de/10008669330
Persistent link: https://www.econbiz.de/10008669350
Persistent link: https://www.econbiz.de/10003175959
Persistent link: https://www.econbiz.de/10013207077
Persistent link: https://www.econbiz.de/10002449416
Restricting attention to economic environments, we study implementation under perturbed better-response dynamics (BRD). A social choice function (SCF) is implementable in stochastically stable strategies of perturbed BRD whenever the only outcome supported by the stochastically stable strategies...
Persistent link: https://www.econbiz.de/10010317077