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This paper examines the implementation of two public ownership solutions in convex production economies with differentiable production functions. The two public ownership solutions we focus on are the proportional and equal benefit solutions. Two "natural" mechanisms which doubly implement the...
Persistent link: https://www.econbiz.de/10005639264
We study endogenous coalition formation in contexts where individual (and group) payoffs depend on the entire coalition structure that might form. We capture potential interaction across coalitions by means of a partition function.
Persistent link: https://www.econbiz.de/10005640946
This paper examines the supernatural punishment theory. The theory postulates that religion increases cooperation because religious people fear the retributions that may follow if they do not follow the rules and norms provided by the religion. We report results for a public goods experiment...
Persistent link: https://www.econbiz.de/10005645258
This paper examines the supernatural punishment theory. The theory postulates that religion increases cooperation because religious people fear the retributions that may follow if they do not follow the rules and norms provided by the religion. We report results for a public goods experiment...
Persistent link: https://www.econbiz.de/10005645273
A special class of cooperative transferable-utility games where each agent faces an optimization problem constrained by … resources that can be pooled among coalition members, so-called production games, are here extended and applied in novel ways …
Persistent link: https://www.econbiz.de/10005647129
This paper examines the implementation of two public ownership solutions in convex production economies with differentiable production functions. The two public ownership solutions we focus on are the proportional and equal benefit solutions. Two "natural" mechanisms which doubly implement the...
Persistent link: https://www.econbiz.de/10008602869
This paper examines the implementation of various solutions in differentiable concave production economies with one privately owned input, one output, and publicly owned production technology. The public ownership solutions we focus on are the Proportional Solution (PS) and the Equal Benefit...
Persistent link: https://www.econbiz.de/10008602872
This paper establishes a B-core existence result for normal form TU games. …
Persistent link: https://www.econbiz.de/10008602875
The equivalence of markets and games concerns the relationship between two sorts of structures that appear … fundamentally different -- markets and games. Shapley and Shubik (1969) demonstrates that: (1) games derived from markets with … concave utility functions generate totally balanced games where the players in the game are the participants in the economy …
Persistent link: https://www.econbiz.de/10008624634
turn works out for games, drawing on some recent advances in the literature. Our key examples are the long-term dynamics of …
Persistent link: https://www.econbiz.de/10008838860