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...

This paper examines equilibrioum and stability in symmetric two-player cheap-talk games. In particular, we characterize the set of neutrally stable outcomes in finite cheap-talk 2x2 coordination games.

In the models of Young (1993a,b), boundedly rational indivudals are recurrently matched to play myopic best replies to the recent history of play. It could therefore be an advantage to instead play a myopic best reply tthe myopic best reply, something boundedly rational players might conceivably...

This paper provides deterministic approximation results for stochastic processes that arise when finite populations of boundedly rational agents recurrently play finite games. The deterministic approximation is defined in continuous time in terms of a system of ordinary differential equations of...

We propose an operational concept of Constrained Strategic Equilibrium (CSE) applicable to a broad class of empirical game theoreticmodels with incomplete information. By restricting the players' strategic sets, we can compute solutions from a strategic form of analyis based upon auxiliary Monte...

We study the tendering decisions of shareholders endowed with multiple shares to test game-theoretic models of the tendering process in the laboratory. An equilibrium outcome in which value-increasing takeovers always just succeed fails to emerge. Rather, tendered shares cycle around the...

We examine how the theory of deterrence differs from a Cold-War type of setting to a War-on-Terror type of setting. Our central conclusion is that deterrence of terrorist states should resemble Cold War deterrence. Deterring terrorist groups is more difficult. In either case, failure of...

In this paper I propose that what social psychologists refer to as social identity is a plausible empirical correlate on the part of the individual to what some philosophers and economists call collective intention. A discussion of an experiment yields the question what kind of mental state...