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In a set-target game, two players choose elements in some set X, and payoffs depend on whether the value of some function of these choices lies in a target set T. Typically, a set-target game has a continuum of Nash equilibria. Replacing the deterministic set T by a stochastic one and then...
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An IPV 2-bidder second-price auction is preceded by two rounds of bribing: prior to the auction each bidder can try to bribe his rival to depart from the auction, so that he (the briber) will become the sole participant and obtain the good for the reserve price. Bribes are offered sequentially...
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There are settings in which linear prices are negotiated by procurement agents and final consumption decision made by end users who are indifferent to negotiated prices.For example, a patient seeking medical treatment is indifferent to the treatment's cost, if it is covered by his insurance...
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Appellate courts sometimes issue inconsistent decisions. Individual judges are sometimes inconsistent too. We argue that making judges more consistent could exacerbate the problem of inconsistent courts. We do so through a variant of Arrow's model of preference aggregation in which preferences...
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