-
作者：Kurz, Sascha; Maaser, Nicola; Napel, Stefan
作者单位：University of Bayreuth; University of Bremen; University of Bayreuth
摘要：When delegations to an assembly or council represent differently sized constituencies, they are often allocated voting weights which increase in population numbers (EU Council, US Electoral College, etc.). The Penrose square root rule (PSRR) is the main benchmark for 'fair representation' of all bottom-tier voters in the top-tier decision making body, but rests on the restrictive assumption of independent binary decisions. We consider intervals of alternatives with single-peaked preferences in...
-
作者：Fehr, Dietmar
作者单位：Ruprecht Karls University Heidelberg
摘要：Increasing inequality is commonly associated with social unrest and conflict between social classes. This paper reports the results of a laboratory experiment to study the implications of greater inequality on the tendency to burn others' income. The experiment considers an environment where higher earnings in a real-effort task are typically associated with higher effort and varies how fair and transparent this relationship is. The findings indicate that greater inequality does not lead to mo...
-
作者：Xiao, Jun
作者单位：University of Melbourne
摘要：This paper studies a complete-information bargaining game with one buyer and multiple sellers of different sizes or bargaining strengths. The bargaining order is determined endogenously. With a finite horizon, there is a unique subgame perfect equilibrium outcome, in which the buyer purchases in order of increasing size from the smallest to the largest. With an infinite horizon, if the sellers have sufficiently different sizes, there is a unique equilibrium outcome, which has the same bargaini...
-
作者：Chen, Chun-Ting; Huang, Chen-Ying; Wang, Joseph Tao-yi
作者单位：National Taiwan University
摘要：We study the reasoning process in an environment where final choices are well understood and the associated theory is procedural by introducing two-person beauty contest games played spatially on two-dimensional grid maps. Players choose locations and are rewarded by hitting targets dependent on opponents' choice locations. By tracking subjects' eye movements (lookups), we infer their reasoning process and classify subjects into various levels. More than a half of the subjects' classifications...
-
作者：Hwang, Sung-Ha; Lim, Wooyoung; Neary, Philip; Newton, Jonathan
作者单位：Korea Advanced Institute of Science & Technology (KAIST); Hong Kong University of Science & Technology; University of London; Royal Holloway University London; Kyoto University
摘要：When coordination games are played under the logit choice rule and there is intentional bias in agents' non-best response behavior, we show that the Egalitarian bargaining solution emerges as the long run social norm. Without intentional bias, a new solution, the Logit bargaining solution emerges as the long run norm. These results contrast with results under non-payoff dependent deviations from best response behavior, where it has previously been shown that the Kalai-Smorodinsky and Nash barg...
-
作者：Grosskopf, Brit; Rentschler, Lucas; Sarin, Rajiv
作者单位：University of Exeter; Utah System of Higher Education; Utah State University
摘要：In common-value auctions bidders have access to public information, and may also hold private information prior to choosing their bids. The literature has predominately focused on the case in which bidders are ex-ante symmetric and privately informed, and finds that aggressive bidding such that payoffs are negative is common (the winner's curse). In practice, bidders often only have access to public information, and use this information to form (possibly differing) beliefs. In addition, a bidd...
-
作者：Kariv, Shachar; Kotowski, Maciej H.; Leister, C. Matthew
作者单位：University of California System; University of California Berkeley; Harvard University; Monash University
摘要：This paper studies a model of intermediated exchange with liquidity-constrained traders. Intermediaries are embedded in a trading network and their financial capacities are private information. We characterize our model's monotone, pure-strategy equilibrium. Agents earn positive intermediation rents in equilibrium. An experimental investigation supports the model's baseline predictions concerning agents' strategies, price dynamics, and the division of surplus. While private financial constrain...
-
作者：Flesch, Janos; Laraki, Rida; Perchetchet, Vianney
作者单位：Maastricht University; Centre National de la Recherche Scientifique (CNRS); Universite PSL; University of Liverpool; Universite Paris Saclay
摘要：We examine Blackwell approachability in so-called generalized quitting games. These are repeated games in which each player may have quitting actions that terminate the game. We provide three simple geometric and strongly related conditions for the weak approachability of a convex target set. The first is sufficient: it guarantees that, for any fixed horizon, a player has a strategy ensuring that the expected time-average payoff vector converges to the target set as horizon goes to infinity. T...
-
作者：Haefner, Samuel
作者单位：University of Basel
摘要：This paper analyzes an indirect evolutionary model of sampling biases in probability estimates, which combines the sampling best response dynamics with the replicator dynamics. The arrival rate of revision opportunities in the best response dynamics is high, so that the resulting joint dynamical system is a slow-fast system and we can use Tikhonov's theorem to study its solutions, employing practical asymptotic stability as a stability criterion. For two-strategy population games with a unique...
-
作者：Alcalde, Jose
作者单位：Universitat d'Alacant
摘要：Sequential mechanisms to solve matching problems are useful to promote (hidden) cooperation between agents. Taking as a starting point the MIRC mechanism, employed in Spain to match medical students and residency programs in privately owned hospitals, we find that: (1) In the current system, where the number of students that each program might enroll is limited, the unique equilibrium allocation can be unstable. (2) When the above limit is not (formally) imposed, instability is not expected to...
