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Given the framework introduced by Dutta and Sen (2012), this paper offers a comprehensive analysis of (Nash) implementation with partially honest agents when there are three or more participants. First, it establishes a condition which is necessary and sufficient for implementation. Second, it...
Persistent link: https://www.econbiz.de/10011258792
Nash equilibrium. Success and failure of democracy are interpreted as different equilibria of a dynamic political game with …
Persistent link: https://www.econbiz.de/10011259154
compute the Nash value (in pure strategies) of this game:• First we show that a Nash equilibrium in pure strategies can be … (Directed Acycliqe Graphs). As a result, the Nash equilibrium can be directly computed using the DAG. Consequently the space …
Persistent link: https://www.econbiz.de/10005081024
further argument of the paper is that flxed point equilibrium existence proof theorems and individual existence proofs … Harsanyi's conception of individuals raises questions about Nash equilibrium approaches to equilibria in games. …
Persistent link: https://www.econbiz.de/10005144523
This paper models labor supply decisions of fathers and mothers from Nuevo Leon State and examines the welfare levels that both could face under different hours of paid work. Bargaining models are applied and analyzed using game theory. It is adapted a methodology to separate goods consumed by...
Persistent link: https://www.econbiz.de/10010546964
In this paper we consider dynamic processes, in repeated games, that are subject to the natural informational restriction of uncoupledness. We study the almost sure convergence to Nash equilibria, and present a number of possibility and impossibility results. Basically, we show that if in...
Persistent link: https://www.econbiz.de/10010547274
example is provided by competition for advertisement on the web. Nash Equilibrium (NE) in pure strategies exist in general. In …
Persistent link: https://www.econbiz.de/10010547942
I model a single-club economy with heterogeneous consumers as an aggregative game. I give a sufficient condition, normality of demand for the club good in full income, for the existence and uniqueness of a Nash equilbrium by the Cornes-Hartley (2007) method. Then, confining attention to club...
Persistent link: https://www.econbiz.de/10010548252
This book presents a systematic approach to problems in economic equilibrium based on fixed-point arguments and … general equilibrium theory and non-co-operative game theory. The arguments also contain distinguishable developments of the …
Persistent link: https://www.econbiz.de/10008691687
rules that outperform Bayes' rule suggest a new solution concept for misspecified games: misspecified Nash equilibrium …
Persistent link: https://www.econbiz.de/10012847192