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This is a brief survey describing some of the recent progress and open problems in the area of cooperative games with incomplete information. We discuss exchange economies, cooperative Bayesian games with orthogonal coalitions, and issues of cooperation in non-cooperative Bayesian games.
Persistent link: https://www.econbiz.de/10010284071
This is a brief survey describing some of the recent progress and open problems in the area of cooperative games with incomplete information. We discuss exchange economies, cooperative Bayesian games with orthogonal coalitions, and issues of cooperation in non-cooperative Bayesian games
Persistent link: https://www.econbiz.de/10013117753
This is a brief survey describing some of the recent progress and open problems in the area of cooperative games with incomplete information. We discuss exchange economies, cooperative Bayesian games with orthogonal coalitions, and issues of cooperation in non-cooperative Bayesian games. --...
Persistent link: https://www.econbiz.de/10009272152
We study the question of collusion in auctions. We start by presenting a model of a first price auction with complete information and direct asymmetric externalities. Following a non-cooperative approach we study the negotiations process which yields a cartel. We show that in the presence of...
Persistent link: https://www.econbiz.de/10010861639
Persistent link: https://www.econbiz.de/10010905045
We consider two-sided matching markets in which agents have private information on a state of nature which determines the agents' utilities of matching. Monetary transfers are allowed and utility functions are quasi-linear. The model thus extends the assignment game introduced by Shapley and...
Persistent link: https://www.econbiz.de/10010905077
The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a characteristic function which expresses the fact that coalitions allocate goods by means of random incentive compatible mechanisms. We first survey some results in the case of...
Persistent link: https://www.econbiz.de/10010905151
We propose two classes of allocation games for N.T.U. and T.U. exchange economies in which initial endowments and preferences depend on the agents’ private information. In both models, agents make non-verifiable claims about their types and effective deposits of consumption goods, which are...
Persistent link: https://www.econbiz.de/10010905186
According to a minimalist version of Afriat’s theorem, a consumer behaves as a utility maximizer if and only if a feasibility matrix associated with his choices is cyclically consistent. An ”essential experiment” consists of observed consumption bundles (x1,xn) and a feasibility matrix α....
Persistent link: https://www.econbiz.de/10011072004
Nous considérons la vente aux enchères sous pli scellé au second prix d'un objet que chaque acquéreur potentiel évalue de manière « privée et indépendante ». Nous montrons que l'optimum ex ante d'un cartel, sous contraintes d'incitation et d'équilibre ex post des transferts, coïncide...
Persistent link: https://www.econbiz.de/10011074225