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We study hedonic games with heterogeneous player types that reflect her nationality, ethnic background, or skill type. Agents' preferences are dictated by status-seeking where status can be either local or global. The two dimensions of status define the two components of a generalized constant...
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Decentralized matching markets on the internet allow large numbers of agents to interact anonymously at virtually no cost. Very little information is available to market participants and trade takes place at many different prices simultaneously. We propose a decentralized, completely uncoupled...
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We examine the realism of the assumption of self-interested opportunism in agency theory. We place subjects into … increases shirking with all variables in the model. We discuss the implications of these results for theory and practice …
Persistent link: https://www.econbiz.de/10014072255
We solve for the equilibrium dynamics of information sharing in a large population. Each agent is endowed with signals regarding the likely outcome of a random variable of common concern. Individuals choose the effort with which they search for others from whom they can gather additional...
Persistent link: https://www.econbiz.de/10003966644
information to agents, who consider joining a coalition. The agents' actions can cause harm by contributing to a public bad. The … coalition size, as a function of beliefs of agents, is an endogenous variable, induced by the information sender. The optimal … information mechanism from the general set of public information mechanisms, in coalition formation games is derived. I also apply …
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