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Between anchors and aspirations: a new family of bargaining solutions
Springer Science and Business Media LLC - Tập 23 - Trang 53-73 - 2019
Emin Karagözoğlu, Kerim Keskin, Elif Özcan-Tok
We study the salience and power of reference points in determining the effective anchors and aspirations in bargaining problems. Along this line, we enrich the analysis of the standard bargaining model with two new parameters: the first parameter can be interpreted as the effectiveness (or salience) of the reference point in determining the anchor, whereas the second parameter can be interpreted a... hiện toàn bộ
Auctions with endogenous participation
Springer Science and Business Media LLC - Tập 5 Số 1 - Trang 71-89 - 2000
Flávio M. Menezes, Paulo Klinger Monteiro
New characterizations of a classical bankruptcy rule
Springer Science and Business Media LLC - Tập 10 - Trang 73-84 - 2006
Juan D. Moreno-Ternero, Antonio Villar
Concede-and-divide is a well-known and widely accepted procedure to solve bankruptcy situations involving two agents. In a recent paper, Moreno-Ternero and Villar (2004) characterize it by means of a new property, called securement, that imposes a lower bound on the awards agents might obtain. This property can be naturally decomposed in two more elementary ones. We show that each of these compone... hiện toàn bộ
Fundamental theory of institutions: a lecture in honor of Leo Hurwicz
Springer Science and Business Media LLC - Tập 13 Số 1-2 - Trang 59-75 - 2009
Roger B. Myerson
Nash implementation with an infinite-dimensional trade space
Springer Science and Business Media LLC - Tập 9 - Trang 271-287 - 2005
Guillaume Bernis, Gaël Giraud
This paper deals with the problem of implementing the Walras correspondence via Nash equilibria, in exchange economies with infinitely many commodities and finitely many households with possibly non-ordered preferences. We explicitly construct a feasible mechanism enjoying some features, which have natural economic meanings. Under a fairly weak boundary condition, this game fully implements the Wa... hiện toàn bộ
Lender learning and entry under general demand uncertainty
Springer Science and Business Media LLC - Tập 15 - Trang 163-175 - 2011
Neelam Jain, Leonard J. Mirman
In this paper, we examine the effect of potential entry on learning by a lender when the demand shock has a general distribution. We show that under this type of noise, entry does not lead to any changes in the equilibrium expected signals and therefore, there is no effect on learning by the lender, unlike the case when noise is uniformly distributed. The result holds even when contracts are not o... hiện toàn bộ
Envy-minimizing unemployment benefits
Springer Science and Business Media LLC - - 1996
Christian Arnsperger, David de la Croix
Probabilities of election outcomes with two parameters: The relative impact of unifying and polarizing candidates
Springer Science and Business Media LLC - Tập 9 - Trang 317-336 - 2005
William V. Gehrlein
Consider an election on three candidates for n voters with complete and transitive preference rankings on the candidates. Let k (r) denote the minimum total number of last (middle) position rankings for each of the three candidates. If k is close to zero, some candidate is seldom disliked and is a unifying candidate. If r is close to zero, some candidate is always either liked or disliked and is a... hiện toàn bộ
Implementation of social optimum in oligopoly
Springer Science and Business Media LLC - Tập 1 - Trang 319-326 - 1994
Mark Gradstein
This paper presents a decentralized mechanism implementing socially optimal output choices by non-cooperatively acting oligopolists. A decentralized mechanism is a vector of balanced transfers among firms determined as a function of firms’ output choices. The mechanism is devised by a regulator with a full knowledge of demand and without any knowledge of the firms’ cost functions. Restricting the ... hiện toàn bộ
In search of efficient network structures: the needle in the haystack
Springer Science and Business Media LLC - Tập 11 - Trang 339-359 - 2007
Nicolas Carayol, Pascale Roux, Murat Yıldızoğlu
Searching for efficient networks can prove a very difficult analytical and even computational task. In this paper, we explore the possibility of using the genetic algorithms (GA) technique to identify efficient network structures in the case of non-trivial payoff functions. The robustness of this method in predicting optimal networks is tested on the two simple stylized models introduced by Jackso... hiện toàn bộ
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