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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
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
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
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
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
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
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
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
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
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