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An exact non-cooperative support for the sequential Raiffa solution

Trockel, Walter - 2009

This article provides an exact non-cooperative foundation of the sequential Raiffa solution for two person bargaining games. Based on an approximate foundation due to Myerson (1997) for any two-person bargaining game (S,d) an extensive form game G(S,d) is defined that has an infinity of weakly...

Persistent link: https://www.econbiz.de/10010272572

Cultural formation of preferences and assimilation of cultural groups

Pichler, Michael M. - 2010

Based on the cultural formation of continuous preferences framework of Pichler [16], this paper analyzes the evolution of preferences and behavior in a two cultural groups setting. We show that the qualitative dynamic properties depend crucially on what parents perceive as the optimal...

Persistent link: https://www.econbiz.de/10010272575

On core stability and extendability

Shellshear, Evan - 2007

This paper investigates conditions under which the core of a TU cooperative game is stable. In particular the author extends the idea of extendability to find new conditions under which the core is stable. It is also shown that these new conditions are not necessary for core stability.

Persistent link: https://www.econbiz.de/10010272576

Migration and human capital in an endogenous fertility model

Marchiori, Luca; Pieretti, Patrice; Zou, Benteng - 2008

How do high and low skilled migration affect fertility and human capital in migrants' origin countries? This question … capital of either type of migration remains ambiguous. Subsequently, the model is calibrated on a developing economy. It is … found that increased high skilled emigration reduces fertility and fosters human capital accumulation, while low skilled …

Persistent link: https://www.econbiz.de/10010272578

Irreversible investment in oligopoly

Steg, Jan-Henrik - 2009

We offer a new perspective on games of irreversible investment under uncertainty in continuous time. The basis is a …

Persistent link: https://www.econbiz.de/10010272579

Evolution of non-expected utility preferences

von Widekind, Sven - 2005

We investigate an extension of Dekel, Ely and Yilankaya's (2004) treatment of the evolution of preference to more general, possibly non-expected utility preferences. Along the lines of their analysis we consider a population of types that is repeatedly and randomly matched to play the mixed...

Persistent link: https://www.econbiz.de/10010272582

On equilibrium prices in continuous time

Martins-da-Rocha, V. Filipe; Riedel, Frank - 2008

We combine general equilibrium theory and théorie générale of stochastic processes to derive structural results about …

Persistent link: https://www.econbiz.de/10010272583

Impossibility results for infinite-electorate abstract aggregation rules

Herzberg, Frederik; Eckert, Daniel - 2009

It is well known that the literature on judgment aggregation inherits the impossibility results from the aggregation of preferences that it generalises. This is due to the fact that the typical judgment aggregation problem induces an ultrafilter on the the set of individuals, as was shown in a...

Persistent link: https://www.econbiz.de/10010272584

Convex games, clan games, and their marginal games

Branzei, Rodica; Dimitrov, Dinko - 2005

We provide characterizations of convex games and total clan games by using properties of their corresponding marginal games. As it turns out, a cooperative game is convex if and only if all its marginal games are superadditive, and a monotonic game satisfying the veto player property with...

Persistent link: https://www.econbiz.de/10010272585

Social choice of convex risk measures through Arrovian aggregation of variational preferences

Herzberg, Frederik - 2010

theorem and Fishburn's possibility theorem. The proof methodology is based on a model-theoretic approach to aggregation theory …

Persistent link: https://www.econbiz.de/10010272587