If a solution (on a closed family of games) satisfies dummy axiom (DUM) and independance of irrelevant strategies (IIS) then it also satisfies consistency (CONS) (proposition 2.21, Peleg and Tijs, 1996). The converse of this proposition is not true: CONS implies neither DUM nor IIS as shown in...

Efficiency scores of production units are measured by their distance to an estimated production forntier. Nonparametric DEA estimators are based on a finit sample of observed production units and radial distances are considered. We investigate the consistency and the speed of convergence of...

We consider the two-stage game proposed by Kreps and Scheinkman in the adress model of horizontal differenciation developed by Hotelling. Firms choose capacities in the first stage and then compete in price. We show that capacity precommitment softens price competitio drastically.

We consider the problem of designing a 2-stations Automated Guided Vehicle System (AGVS). The AGV System consists of a pool of vehicles that transports products from one station to the other station through an unidirectional guidepath.

based on Chari and Jagannathan (1988), this paper models information-induced and "pure-panic"runs in an environment of risk-aves agents. In this framework, deposits are needed to provide insurance against investors'unexpected demand for liquidity and therefore, a role for financial intermediary...

The notion of disapprobation is defined. It is designed to capture some features of misspecification in a decision-theoretic framework. Moreover, it is a sample-based notion so it is well-suited for the study of misspecification in Bayesian contexts. Some elementary examples of disapprobation...