Das fundamentale Werk von John von Neumann und Oskar Morgenstern (1944) hat die Spieltheorie als Gebiet begründet. Es gab zwar vorher schon den in deutscher Sprache veröffentlichen Beitrag von John Neumann (1928) " Zur Theorie der Gesellschaftsspiele", aber erst mit dem Buch aus dem Jahre 1944...

Engel's verbal formulation of his Law expresses a "negativ stochastic association" of the bivariate distribution of income and food share across the population. Among the many different definitions of association four are chosen: Kendall's tau, negative quadrant dependence, stochastically...

Das fundamentale Werk von John von Neumann und Oskar Morgenstern (1944) hat die Spieltheorie als Gebiet begründet. Es gab zwar vorher schon den in deutscher Sprache veröffentlichen Beitrag von John Neumann (1928) " Zur Theorie der Gesellschaftsspiele", aber erst mit dem Buch aus dem Jahre 1944...

Engel's verbal formulation of his Law expresses a "negativ stochastic association" of the bivariate distribution of income and food share across the population. Among the many different definitions of association four are chosen: Kendall's tau, negative quadrant dependence, stochastically...

The present note shows that the concept of a distribution economy (Hildenbrand (1974)) is closely related to a framework of an exchange economy in which the agents’ individual characteristics (i.e. preferences and endowments) are random (Hildenbrand (1971), Bhattacharya and Majumdar (1973),...

In the context of standard two-period pure-exchange economies with sequential trade, this paper proposes a decentralized coordination mechanism for equilibriumexpectations, facilitated by local interactions between agents. Interactions are modelled stochastically by specifying a family of...

In the context of standard two-period pure-exchange economies with sequential trade, this paper proposes a decentralized coordination mechanism for equilibriumexpectations, facilitated by local interactions between agents. Interactions are modelled stochastically by specifying a family of...

The present note shows that the concept of a distribution economy (Hildenbrand (1974)) is closely related to a framework of an exchange economy in which the agents’ individual characteristics (i.e. preferences and endowments) are random (Hildenbrand (1971), Bhattacharya and Majumdar (1973),...

This paper analyzes truthtelling incentives in pre-vote communication in heterogeneous committees. We generalize the classical Condorcet jury model by introducing a new informational structure that captures consistency of information. In contrast to the impossibility result shown by Coughlan...

In a sequencing problem with linear time cost, Suijs (1996) proved that it is possible to achieve first best. By first best we mean that one can find mechanisms that satisfy efficiency of decision, dominant strategy incentive compatibility and budget balancedness. In this paper we show that...