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In this paper, the authors use a model of tax competition to study the role of information sharing in common agency problems.
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We investigate the effect of introducing costs of complexity in the N-person unaimity bargaining game.
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In this note we show that, for generic plurality games (i.e., voting games under plurality rule), an equilibrium that induces a mixed distribution over the outcomes (i.e., with two or more candidates elected with positive probability), is regular and hence, a Mertens' stable set.
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This paper proposes an equilibrium concept for n-person finite games based on boundedly rational decision making by players. The players are modeled as following random choice behavior in the manner of the logit model of descrete choice theory as set forth by Luce.
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