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Uncertainty and Insurance in Strategic Market Games.

Weyers, S. - Center for Operations Research and Econometrics (CORE), … - 1996

In perfectly competitive economies under uncertainty, there is a well-known equivalence between a formulation with contingent goods and a formulation with state-specific securities followed by spot markets for goods. In this paper, I examine whether this equivalence carries over in a particular...

Persistent link: https://www.econbiz.de/10005779547

Voluntary Disclosure and Adverse Selection : Bayesian Game-Theoretical Inferences for Green Bond Labelling Regimes

Henide, Karim - 2021

The impact finance market has sought to 'internalise externalities and adjust risk perceptions' (G20 Green Finance Study Group, 2016), demonstrating the private sector's capability in resolving the climate free-rider problem through the 'greening' of economic activities, partially bypassing...

Persistent link: https://www.econbiz.de/10013218651

Analyzing Two-Sided Incomplete Information Simultaneous and Sequential Games with Bayesian Equilibrium by Iterative Conjectures Approach

Teng, Jimmy - 2012

This paper proposes a way to solve two sided incomplete information games which generally generates a unique equilibrium. Players in the games form conjectures about what other players want to do, starting from first order uninformative conjectures and keep updating with games theoretic and...

Persistent link: https://www.econbiz.de/10014166874

Conformity and bounded rationality in games with many players

Cartwright, Edward; Wooders, Myrna Holtz - 2003

Persistent link: https://www.econbiz.de/10001976333

Conformity and bounded rationality in games with many payers

Cartwright, Edward; Wooders, Myrna Holtz - 2003

Interpret a set of players all playing the same pure strategy and all with similar attributes as a society. Is it consistent with self interested behaviour for a population to organise itself into a relatively small number of societies? In a companion paper we characterised how large e must be,...

Persistent link: https://www.econbiz.de/10011593849

The Difference between Common Knowledge of Formulas and Sets

Simon, Robert Samuel - 1999

Common knowledge can be defined in at least two ways: syntactically as the common knowledge of a set of formulas or … semantically, as the meet of the knowledge partitions of the agents. In the multi-agent S5 logic with either finitely or countably … held in common knowledge, there is either only one member or uncountably many members of the meet partition with this …

Persistent link: https://www.econbiz.de/10014185740

The Hierarchical Approach to Modeling Knowledge and Common Knowledge

Fagin, Ronald; Geanakoplos, John; Halpern, Joseph Y.; … - 2000

One approach to representing knowledge or belief of agents, used by economists and computer scientists, involves an …

Persistent link: https://www.econbiz.de/10014185741

Identification in discrete choice models with imperfect information

Gualdani, Cristina; Sinha, Shruti - 2023

We study identification of preferences in static single-agent discrete choice models where decision makers may be imperfectly informed about the state of the world. We leverage the notion of one-player Bayes Correlated Equilibrium by Bergemann and Morris (2016) to provide a tractable...

Persistent link: https://www.econbiz.de/10014309143

On the notion of perfect bayesian equilibrium

González-Díaz, Julio; Meléndez-Jiménez, Miguel A. - 2011

Often, perfect bayesian equilibrium is loosely defined by stating that players should be sequentially rational given some beliefs in which Bayes rule is applied whenever possibleʺ. We show that there are games in which it is not clear what whenever possibleʺ means. Then, we provide a simple...

Persistent link: https://www.econbiz.de/10003782063

A Bayesian incentive compatible mechanism for fair division

Fujinaka, Yuji - 2008

We consider the problem of fairly allocating one indivisible object when monetary transfers are possible, and examine the existence of Bayesian incentive compatible mechanisms to solve the problem. We propose a mechanism that satisfies envy-freeness, budget balancedness, and Bayesian incentive...

Persistent link: https://www.econbiz.de/10003819939