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We consider the problem where agents bargain over their shares of a perfectly divisible commodity. The aim of this paper is to identify the class of bargaining solutions induced by dominant strategy implementable allocation rules. To this end, we characterize the class of dominant strategy...
Persistent link: https://www.econbiz.de/10014041039
Recent healthcare reforms have sought to increase efficiency by introducing managed care (MC) while respecting consumer preferences by admitting choice between MC and conventional care. This article proposes an institutional change designed to let German consumers choose between the two settings...
Persistent link: https://www.econbiz.de/10011668893
In this article we combine Debreu's (1952) social system with Hurwicz's (1994, 2008) ideas of embedding a "desired" game form into a "natural" game form that includes all feasible behavior, even if it is "illegal" according to the desired form. For the resulting socio-legal system we extend...
Persistent link: https://www.econbiz.de/10012499554
I define a restricted version of Nash's Independence that overcomes its major criticisms and then show that a one parameter class of asymmetric Kalai-Smorodinsky solutions is characterized by Restricted Independence, Scale Invariance, Pareto Optimality and Kalai and Smorodinsky's Individual...
Persistent link: https://www.econbiz.de/10014075758
I define a restricted version of Nash's Independence that overcomes its major criticisms and then show that a one parameter class of asymmetric Kalai-Smorodinsky solutions is characterized by Restricted Independence, Scale Invariance, Pareto Optimality and Kalai and Smorodinsky's Individual...
Persistent link: https://www.econbiz.de/10014076193
We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however, instead of alternating offers, we have simultaneous payoff demands. We focus in the producer game he studies. Each player is chosen with equal probability. If that is the case,...
Persistent link: https://www.econbiz.de/10013019277
We provide a new interpretation of the Nash solution, using fictitious play. We show that the Nash demand game has the fictitious play property almost everywhere, and present two initial demand games which exactly and approximately implement the Nash solution. Thanks to the exact implementation...
Persistent link: https://www.econbiz.de/10013239497
We develop a model of assignment games with pairwise-identitydependent externalities. A concept of conjectural equilibrium is proposed, and the universal conjecture is shown to be the necessary and sufficient condition for the general existence of equilibrium. We then apply the solution concept...
Persistent link: https://www.econbiz.de/10010191642
The alternating offers game due to Rubinstein (1982) had been used by Binmore (1980) and by Binmore et.al. (1986) to provide via its unique subgame perfect equilibrium an approximate non-cooperative support for the Nash bargaining solution of associated cooperative two-person bargaining games....
Persistent link: https://www.econbiz.de/10011412680
We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however, instead of alternating offers, we have simultaneous payoff demands. We focus in the producer game he studies. Each player is chosen with equal probability. If that is the case,...
Persistent link: https://www.econbiz.de/10011296159