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We consider the well-analyzed abatement game (Barrett 1994) and prove that correlation among the players (nations) can strictly improve upon the Nash equilibrium payoffs. As these games are potential games, correlated equilibrium - CE - (Aumann 1974, 1987) cannot improve upon Nash; however we...
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In chapter 1, we consider the possibility of Secure Implementation in Production Economies beyond the result provided in the Saijo et al. (2007) paper. We find a large class of SCFs to be securely implementable. The serial SCF and the widely studied Fixed Path SCFs which contains serial SCF as a...
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We study incentive compatible profit-sharing rules when output (or profit) is obtained via the joint use of a technology exhibiting decreasing marginal returns. The incentives compatibility criterion we adopt is that of strategy-proofness (SP), arguably the most robust and the most demanding...
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This thesis consists of three essays. In the first two essays we assume that the wife earns a lower wage rate than the husband and we analyze intrafamily distributional effects if environmental parameters such as the tax system or divorce regulations change. The third essay evaluates the...
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We propose two new axioms of demand responsiveness for additive cost sharing with variable demands. Group Monotonicity requires that if a group of agents increase their demands, not all of them pay less. Solidarity says that if agent i demands more, j should not pay more if k pays less. Both...
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We introduce a model of bargaining among groups, and characterize a family of solutions using a Consistency axiom and a few other invariance and monotonicity properties. For each solution in the family, there exists some constant alpha = 0 such that the "bargaining power" of a group is...
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