Zobrazeno 1 - 10
of 148
pro vyhledávání: '"Nicholas C. Yannelis"'
Publikováno v:
Games and Economic Behavior. 140:348-362
Publikováno v:
Economic Theory Bulletin. 11:27-44
It is known that the core of an economy with externalities may be empty. We consider two concepts of dominance that allow us to prove that the set formed by individually rational, Pareto optimal allocations is stable and coincides with the core that,
Autor:
Huiyi Guo, Nicholas C. Yannelis
Publikováno v:
Games and Economic Behavior. 132:553-575
Autor:
Nicholas C. Yannelis, Konrad Podczeck
Publikováno v:
Economic Theory. 73:413-420
We extend a result on existence of Walrasian equilibria in He and Yannelis (Econ Theory 61:497–513, 2016) by replacing the compactness assumption on consumption sets made there by the standard assumption that these sets are closed and bounded from
Autor:
Nicholas C. Yannelis, Zhiwei Liu
Publikováno v:
Economic Theory Bulletin. 10:167-181
Publikováno v:
Economic Theory. 73:625-654
This paper investigates the existence of a nondegenerate pure-strategy Bayesian-Nash equilibrium in a double auction between one seller and several heterogeneous buyers in the independent private value framework. It begins with three examples describ
Autor:
Nicholas C. Yannelis, Zhiwei Liu
Publikováno v:
Economic Theory. 72:801-833
To justify the use of Wald’s maxmin preferences in an asymmetric information economy, we introduce a mechanism designer who can convince/persuade agents to adopt Wald’s maxmin preferences. We show that more efficient and individually rational all
Publikováno v:
Journal of Mathematical Economics. 90:1-11
We generalize de Castro and Yannelis (2018) by taking into account the use of randomization. We answer the following questions: Is each efficient allocation of de Castro and Yannelis (2018) still Pareto optimal? Are all efficient allocations still in
Publikováno v:
Journal of Public Economic Theory. 22:1481-1514
We introduce externalities into the classical model by Shapley and Scarf; that is, agents care about others and their preferences are defined over allocations rather than over single indivisible goods. After collecting some results about the nonexist
Autor:
Huiyi Guo, Nicholas C. Yannelis
Publikováno v:
Economic Theory. 73:565-593
The paper examines notions of incentive compatibility in an environment with ambiguity-averse agents. In particular, we propose the notion of maxmin transfer coalitional incentive compatibility, which is immune to coalitional manipulations and thus m