نتایج جستجو برای: revelation
تعداد نتایج: 2988 فیلتر نتایج به سال:
I show how uncertainty about fundamentals can cause delay in bargaining when agents have reputational concerns. Agents’ publicly observable costs of delay change stochastically at some revelation time. In addition to rational agents, there are behavioral types committed to many different fixed demands. I show that even when the probability of behavioral types is arbitrarily small, agreement may...
We study information revelation in markets with pairwise meetings. We focus on the one-sided case and perform a dynamic analysis of a constant entry flow model. The same question has been studied in an identical framework in Serrano and Yosha (1993) but they limit their analysis to the stationary steady states. We show that there is a dramatical loss when restricting the analysis of a constant ...
The revelation principle is reconsidered in the light of recent work questioning its general applicability, as well as other work on the Bayesian foundations of game theory. Implementation in rationalizable strategies is considered. A generalized version of the revelation principle is proposed recognizing that, unless agents all have dominant strategies, the outcome of any allocation mechanism ...
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