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A profit maximising auctioneer can provide a public good to a group of agents. Each group member has a private value for the good being provided to the group. We investigate an auction mechanism where the auctioneer provides the good to the group, only if the sum of their bids exceeds a reserve...
Persistent link: https://www.econbiz.de/10005779432
This paper considers a class of two-player dynamic games in which each player controls a one-dimensional variable which we interpret as a level of cooperation. In the base model, there is an irreversibility constraint stating that this variable can never be reduced, only increased. It otherwise...
Persistent link: https://www.econbiz.de/10005748184
A profit-maximizing auctioneer can provide a public good to at most one of a number of groups of agents. The groups may have non-empty intersections. Each group member has a private value for the good being provided to the group. We investigate an auction mechanism where the auctioneer provides...
Persistent link: https://www.econbiz.de/10005779435
In this paper we will describe a class of three-person games and draw general conclusions about non-cooperative behavior in them.
Persistent link: https://www.econbiz.de/10005545586
In Esteban and Ray (1999) we formalize a model in which individuals lobby before the government in order to benefit from some productivity enhancing government action (infrastructure, direct subsidies, permissions, in short). The government honestly tries to allocate these permissions to the...
Persistent link: https://www.econbiz.de/10005478566
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We propose a model of a random normal game for given (finite nonempty) sets of players and pure strategies; this model is shown to be canonical in a certain sense.
Persistent link: https://www.econbiz.de/10005774058
A set of agents stand to receive a service. No two agents can be served simultaneously. A Queue has been organized, and agents having to wait should receive monetary compensations. We characterize the rule assigning positions in the queue and compensations corresponding to the payoffs...
Persistent link: https://www.econbiz.de/10005776078