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The strategic advantage of negatively interdependent preferences in action-monotonic games
Hehenkamp, Burkhard - 2005
characterizing conditions both for general action monotonic games and for the subclass of action monotonic games with spillovers … analyzing the strategic advantage. -- strategic advantage ; interdependent preferences ; spillovers ; action monotonicity …
Persistent link: https://www.econbiz.de/10003891788
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Opinion Polarization in a Parliamentary Institution Generates Extreme Legislation
Gottesman, Avinat - 2021
How does opinion polarization over matters of moral conviction affect the legislative outcome of parliamentary institutions? Analysis reveals that in the relatively common case, in which a party's voting power is positively correlated with the public support of the convictions it represents, if...
Persistent link: https://www.econbiz.de/10013251897
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Cartel Stability Under an Optimal Sharing Rule
Weikard, Hans-Peter - 2005
players and spillovers to non-members. I introduce a sharing rule for coalition payoffs, called optimal sharing which … cartel if spillovers are negative. I introduce a new property, called non-essentiality and determine the set of stable … cartels under optimal sharing if spillovers are positive and if the non-essentiality property applies. Finally I analyse …
Persistent link: https://www.econbiz.de/10014064613
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Interdependent Preferences and Strategic Distinguishability
Bergemann, Dirk; Morris, Stephen; Takahashi, Satoru - Cowles Foundation for Research in Economics, Yale University - 2010
We identify a universal type space of possible interdependent (expected utility) preferences of a group of agents satisfying two criteria. First, a type consists of a "detail free" description, in a natural language, of the agents' interdependent preferences. Second, distinct types in the...
Persistent link: https://www.econbiz.de/10010895695
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Interdependent Preferences and Strategic Distinguishability
Bergemann, Dirk; Morris, Stephen; Takahashi, Satoru - Cowles Foundation for Research in Economics, Yale University - 2010
A universal type space of interdependent expected utility preference types is constructed from higher-order preference hierarchies describing (i) an agent's (unconditional) preferences over a lottery space; (ii) the agent's preference over Anscombe-Aumann acts conditional on the unconditional...
Persistent link: https://www.econbiz.de/10008854041
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Interdependent Preferences and Strategic Distinguishability
Bergemann, Dirk; Morris, Stephen; Takahashi, Satoru - Cowles Foundation for Research in Economics, Yale University - 2010
A universal type space of interdependent expected utility preference types is constructed from higher-order preference hierarchies describing (i) an agent's (unconditional) preferences over a lottery space; (ii) the agent's preference over Anscombe-Aumann acts conditional on the unconditional...
Persistent link: https://www.econbiz.de/10008677116
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Relatives Versus Neighbors- An Experiment Studying Spontaneous Social Exchange
Güth, Werner; Levati, M. Vittoria; von Wangenheim, Georg - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004
Social institutions regulating group conduct have been regarded as necessaryfor human cooperation to transcend family bonds. However, manystudies in economics and biology indicate that reciprocity based on repeatedinteraction suffices to establish cooperation with non-kin. We shedlight on the...
Persistent link: https://www.econbiz.de/10005866766
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We-thinking and vacillation between frames: filling a gap in Bacharach's theory
Smerilli, Alessandra - 2010
The idea of team-thinking or we-thinking is increasingly drawing the attention of economists. The main claim of scholars who analyze we-thinking is that it is a coherent mode of reasoning people may use when they face a decision problem. But, if there is a general agreement on the existence of...
Persistent link: https://www.econbiz.de/10015223266
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Stochastic discounting in repeated games: Awaiting the almost inevitable
Barlo, Mehmet; Urgun, Can - 2011
This paper studies repeated games with pure strategies and stochastic discounting under perfect information. We consider infinite repetitions of any finite normal form game possessing at least one pure Nash action profile. The period interaction realizes a shock in each period, and the...
Persistent link: https://www.econbiz.de/10015225457
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Mixed extensions of decision-form games
Carfì, David; Ricciardello, Angela - 2011
In this paper we define the canonical mixed extension of a decision form game. We motivate the necessity to introduce this concept and we show several examples about the new concept. In particular we focus our study upon the mixed equilibria of a finite decision form game. Many devel- opments...
Persistent link: https://www.econbiz.de/10015225705