Showing 81 - 90 of 332
Persistent link: https://www.econbiz.de/10001773669
Persistent link: https://www.econbiz.de/10001773768
Persistent link: https://www.econbiz.de/10011292437
We define a concept of epistemic robustness in the context of an epistemic model of a finite normal game where a player type corresponds to a belief over the profiles of opponent strategies and types. A Cartesian product X of pure strategy subsets is epistemically robust if there is a Cartesian...
Persistent link: https://www.econbiz.de/10011585170
Persistent link: https://www.econbiz.de/10011665060
Persistent link: https://www.econbiz.de/10012105445
This paper presents an infinite-horizon version of intergenerational utilitarianism. By studying discounted utilitarianism as the discount factor tends to one, we obtain a new welfare criterion: limit-discounted utilitarianism (LDU). We show that LDU meets the standard assumptions of efficiency,...
Persistent link: https://www.econbiz.de/10011855845
We define a concept of epistemic robustness in the context of an epistemic model of a finite normal-form game where a player type corresponds to a belief over the profiles of opponent strategies and types. A Cartesian product X of pure-strategy subsets is epistemically robust if there is a...
Persistent link: https://www.econbiz.de/10011620518
A set of necessary and sufficient conditions for convexity of a transferable utility game in terms of its decomposition into unanimity games is shown to be minimal: none of the conditions is redundant. The result is used to provide an axiomatization of the Shapley value on the set of convex games.
Persistent link: https://www.econbiz.de/10011587089
Persistent link: https://www.econbiz.de/10008664234