This paper introduces an agency relationship into a dynamic game with informational externalities. Two principals …

auctioned object for a minimal price. However, identity dependent externalities may lead to the formation of small rings, as … compensation for their expected (negative) externalities if the ring forms. The others may therefore profitably exclude such … externalities, showing that a ring may prefer sending an inefficient member to the auction, if the efficient member exerts …

This paper studies a dynamic bargaining model with informational externalities between bargaining pairs. Two principals …

-free technologies. -- Emissions Trading ; Technological Innovation ; Random Matching ; Evolutionary Game ; Penalty System ; Strategic … environmental-friendly technological innovation in the presence of firms' strategic behaviours and sanctions to non-compliant firms …. For this purpose, we study an evolutionary game model with random matching, namely, a context in which a population of …

environmental-friendly technological innovation in the presence of firms’ strategic behaviors and sanctions to non-compliant firms …. For this purpose, we study an evolutionary game model with random matching, namely, a context in which a population of …

the new product using the normatively appealing Nash bargaining solution (see Nash, 1950). In our model the disagreement … payoffs endogenously depend on the contest outcome. More precisely, a bargaining advantage is given to the leading worker in …

students often fail to grasp the strategic issues involved. The modified SDA algorithm significantly improves the matching for …

We analyze two well-known matching mechanisms-the Gale-Shapley, and the Top Trading Cycles (TTC) mechanisms-in the …

This paper analyses the efficiency of the equilibrium allocation in a matching model with two types of workers and jobs … only perform unskilled jobs. Our first result shows that the equilibrium with ex-post bargaining is never efficient. Second …? bargaining strength affects unemployment and skill-mismatch. …

Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good … interior matching equilibrium, however, emerges only under very special conditions. But we show in this note that corner …