Showing 1 - 10 of 722
We consider upper and lower bounds for maxmin allocations of a completely divisible good in both competitive and cooperative strategic contexts. We then derive a subgradient algorithm to compute the exact value up to any fixed degree of precision
Persistent link: https://www.econbiz.de/10013112094
We consider upper and lower bounds for maxmin allocations of a completely divisible good in both competitive and cooperative strategic contexts. We then derive a subgradient algorithm to compute the exact value up to any fixed degree of precision. -- Fair Division ; Maxmin Allocation ; Kalai...
Persistent link: https://www.econbiz.de/10009380614
Pairing Games or Markets studied here are the non-two-sided NTU generalization of assignment games. We show that the Equilibrium Set is nonempty, that it is the set of stable allocations or the set of semistable allocations, and that it has several notable structural properties. We also...
Persistent link: https://www.econbiz.de/10010350435
The paper studies when efficient allocations are implementable via coalition-proof mechanisms. When ambiguous mechanisms are allowed and agents are maxmin expected utility maximizers, we prove that all efficient allocations are implementable via interim coalition incentive compatible mechanisms...
Persistent link: https://www.econbiz.de/10013242607
Persistent link: https://www.econbiz.de/10001603075
Persistent link: https://www.econbiz.de/10001603077
In light of recent developments in auction theory, this Article re-examines Delaware corporate law governing directors' actions when structuring the sale of a corporation. A foundational doctrine of Delaware law is that when the board of directors resolves to sell a corporation, it must obtain...
Persistent link: https://www.econbiz.de/10013033404
We show that charging entry fees can sometimes dominate the benefit of recruiting additional bidders to auctions, even though the fees themselves implicitly reduce competition at the auction stage. We also highlight that admission fees and reserve prices are different instruments in a setting...
Persistent link: https://www.econbiz.de/10012908309
We introduce a general class of simplicity standards that vary the foresight abilities required of agents in extensive-form games. Rather than planning for the entire future of a game, agents are presumed to be able to plan only for those histories they view as simple from their current...
Persistent link: https://www.econbiz.de/10013220157