Eliciting the core of a supermodular capacity

The paper utilizes duality theory to derive an exact representation of the core of a supermodular capacity for finite-state-space Choquet expected utility preferences. Using the dual representation we develop an algorithm that uses information on willingness to pay and willingness to sell to elicit a supermodular capacity in a finite number of iterations. Copyright Springer-Verlag Berlin/Heidelberg 2005

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Year of publication:	2005
Authors:	Chambers, Robert ; Melkonyan, Tigran
Published in:	Economic Theory. - Springer. - Vol. 26.2005, 1, p. 203-209
Publisher:	Springer
Subject:	Choquet expected utility \| Maxmin expected utility \| Supermodular capacity \| Willingness to pay

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005753259