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On Maskin monotonicity of solution based social choice rules

Haake, Claus-Jochen; Trockel, Walter - In: Review of Economic Design 14 (2010) 1, pp. 17-25

Persistent link: https://www.econbiz.de/10008624672

On non-cooperative foundation and implementation of the Nash solution in subgame perfect equilibrium via Rubinstein's game

Duman, Papatya; Trockel, Walter - 2016

interpreted as a mechanism theoretical implementation of the Nash solution. Our results in the present paper provide exact non … of the above mentioned support results, including our present ones, with mechanism theoretic implementation in (weakly … implementation can hardly be found except in very rare cases of extremely restricted domains of players' preferences. …

Persistent link: https://www.econbiz.de/10011582516

An exact non-cooperative support for the sequential Raiffa solution

Trockel, Walter - 2009

is provided for subgame perfect equilibria. Finally, it is indicated how these results can be extended to implementation …

Persistent link: https://www.econbiz.de/10010272572

Game theory

Rosenmüller, Joachim; Trockel, Walter - 2001

Game Theory describes human interaction involving conflict, cooperation and competition, the term Interpersonal Decision Theory is synonymous. The term reflects the fact that most essential features of this field are manifested in parlor games. This topic-level treatment covers large parts of...

Persistent link: https://www.econbiz.de/10010272574

On Maskin monotonicity of solution based social choice rules

Haake, Claus-Jochen; Trockel, Walter - 2007

Howard (1992) argues that the Nash bargaining solution is not Nash implementable, as it does not satisfy Maskin monotonicity. His arguments can be extended to other bargaining solutions as well. However, by defining a social choice correspondence that is based on the solution rather than on its...

Persistent link: https://www.econbiz.de/10010272596

On Maskin monotonicity of solution based social choice rules

Haake, Claus-Jochen; Trockel, Walter - 2007

Persistent link: https://www.econbiz.de/10009452531

An exact implementation of the Nash bargaining solution in dominant strategies

Trockel, Walter - 1996

For any abstract bargaining problem a non-cooperative one stage strategic game is constructed whose unique dominant strategies Nash equilibrium implements the Nash solution of the bargaining problem.

Persistent link: https://www.econbiz.de/10010291060

Socio-legal systems and implementation of the Nash solution in Debreu-Hurwicz equilibrium

Haake, Claus-Jochen; Trockel, Walter - 2021

and Sonnenschein (1975) that also generalizes the dcmechanism of Koray and Yildiz (2018) which relates implementation via … mechanisms with implementation via rights structures as introduced by Sertel (2001). In the second part we apply and illustrate … provide in a socio-legal system based on Nash's demand game an implementation of the Nash bargaining solution in Debreu …

Persistent link: https://www.econbiz.de/10012606400

Socio-legal systems and implementation of the Nash solution in Debreu–Hurwicz equilibrium

Haake, Claus-Jochen; Trockel, Walter - In: Review of Economic Design 26 (2021) 4, pp. 635-649

implementation via mechanisms with implementation via rights structures as introduced by Sertel (Designing rights: invisible hand … provide in a socio-legal system based on Nash’s demand game an implementation of the Nash bargaining solution in Debreu …

Persistent link: https://www.econbiz.de/10014497503

On Maskin monotonicity of solution based social choice rules

Haake, Claus-Jochen; Trockel, Walter - Institut für Mathematische Wirtschaftsforschung, … - 2007

Howard (1992) argues that the Nash bargaining solution is not Nash implementable, as it does not satisfy Maskin monotonicity. His arguments can be extended to other bargaining solutions as well. However, by de.ning a social choice correspondence that is based on the solution rather than on its...

Persistent link: https://www.econbiz.de/10005002290