Robust inference in communication games with partial provability
Article Abstract:
Decision-making and communication games are analyzed with respect to their ability to come out with valid inferences even when insufficient information is available about participants' choices or strategies. It is shown that the characteristic of provability is not required even when the decisionmaking agent knows nothing more than the conflicting preferences of other agents. It is assumed, nonetheless, that the conflict would be managed and any erroneous inference would be corrected.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1995
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Resilient allocation rules for bilateral trade
Article Abstract:
A model of bilateral bargaining or trade is discussed in relation to allocation regulations that are characterized as pliant because bargaining activity can easily achieve desired results without necessitating changes in rules. Such rules are also regarded as recursively resilient. They are favorable to a planner or decisionmaker who happens to lack the complete knowledge of the details of negotiations.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1995
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Repeated games with asymptotically finite horizons
Article Abstract:
A class of repeated games can avoid the disadvantages of both the finite and infinite horizon assumptions of discount factors while enjoying the benefits of both. This occurs when the stage game players' horizon is considered either infinite or 'asymptotically finite.' The asymptotic characteristic is seen to result only in degenerate equilibria in finite cases.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1995
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