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This paper deals with the design of voting rules in the EU Council. Both internal and external impact of the voting rules are examined. Internal impact affects the distribution of power among the member states and external impact affects power relations between the main decision-making bodies in...
Persistent link: https://www.econbiz.de/10003774747
imitator types. -- social preferences ; reciprocity ; moral hazard ; reputation ; Internet ; psychological game theory …
Persistent link: https://www.econbiz.de/10003833189
We define generalized extensive-form games which allow for mutual unawareness of actions. We extend Pearce's (1984) notion of extensive-form (correlated) rationalizability to this setting, explore its properties and prove existence. We define also a new variant of this solution concept, prudent...
Persistent link: https://www.econbiz.de/10003878990
Persistent link: https://www.econbiz.de/10003880396
EMU -- Greek crisis ; bail-out ; negative externality ; political economics ; game theory ; euro ; EMU …
Persistent link: https://www.econbiz.de/10008664981
solution builds upon earlier concepts in game theory. It coincides with the von Neumann minmax value on the class of zero sum … decomposition of every game into cooperative and competitive components, which is easy to compute. -- cooperative game theory ; non …- cooperative game theory ; bargaining ; min-max value …
Persistent link: https://www.econbiz.de/10008665710
. -- Greek crisis ; bail-out ; negative externality ; political economics ; game theory ; euro ; EMU …
Persistent link: https://www.econbiz.de/10008697133
We investigate the computational complexity of several decision problems in hedonic coalition formation games and demonstrate that attaining stability in such games remains NP-hard even when they are additive. Precisely, we prove that when either core stability or strict core stability is under...
Persistent link: https://www.econbiz.de/10008799165
We study how the framework of classical game theory changes when the preferences of the players are described by … Prospect Theory instead of Expected Utility Theory. Specifically, we study the influence of framing effect and probability … the validity of Prospect Theory as a descriptive model in human behavior …
Persistent link: https://www.econbiz.de/10003550861
Persistent link: https://www.econbiz.de/10003947391