One of the main problems in current economic theory is to write contracts which are Pareto optimal, incentive compatible, and also implementable as a perfect Bayesian equilibrium of a dynamic, noncooperative game. The question arises whether it is possible to provide Walrasian type or...

In bargaining theory a usual assumption is either that of von Neumann-Morgenstern utility functions or that of continuous preferences. Recently we considered in Glycopantis a bargaining model which breaks away from this traditional treatment by employing lexicographic preferences of a...

The supply of information, particularly of bad news, in an agency relationship is a sensitive issue. We employ a game theory approach to investigate conflicts in the particular case of the doctor-patient relationship when information affects the emotions of patients. The doctor does not know the...