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Persistent link: https://www.econbiz.de/10013207483
This article reviews recent developments in revealed preference theory. It discusses the testable implications of theories of choice that are germane to specific economic environments. The focus is on expected utility in risky environments, subjected expected utility and maxmin expected utility...
Persistent link: https://www.econbiz.de/10013210503
I characterize games for which there is an order on strategies such that the game has strategic complementarities. I prove that, with some qualifications, games with a unique equilibrium have complementarities if and only if Cournot best-response dynamics has no cycles; and that all games with...
Persistent link: https://www.econbiz.de/10014086710
I characterize games for which there is an order on strategies such that the game has strategic complementarities. I prove that, with some qualifications, games with a unique equilibrium have complementarities if and only if Cournot best-response dynamics has no cycles; and that all games with...
Persistent link: https://www.econbiz.de/10014088434
I present a simple and fast algorithm that finds all the pure-strategy Nash equilibria in games with strategic complementarities. This is the first non-trivial algorithm for finding all pure-strategy Nash equilibria
Persistent link: https://www.econbiz.de/10014088435
Persistent link: https://www.econbiz.de/10014073438
We investigate the testable implications of the theory of stable matchings. We provide a characterization of the data that are rationalizable as a stable matching when agents' preferences are unobserved. The characterization is a simple nonparametric test for stability, in the tradition of...
Persistent link: https://www.econbiz.de/10014189213
Written by more than fifty top researchers from economics, OR, and algorithm design, this text comprehensively covers a major inter-disciplinary field and its important applications from the basics to state of the art. Key chapters discuss efficiency, fairness and incentives, and market design...
Persistent link: https://www.econbiz.de/10014466725
Persistent link: https://www.econbiz.de/10015403438
In this article we design an econometric test for monotone comparative statics (MCS) often found in models with multiple equilibria. Our test exploits the observable implications of the MCS prediction: that the extreme (high and low) conditiona l quantiles of the dependent variable increase...
Persistent link: https://www.econbiz.de/10015370850