Now showing items 1-10 of 87
Toward a theory of honesty and trust among communicating autonomous agents
(Kluwer Academic Publishers; Springer Science+Business Media, 1993-09)
This article outlines, through a number of examples, a method that can be used by autonomous agents to decide among potential messages to send to other agents, without having to assume that a message must be truthful and ...
Price indeterminacy and bargaining in a market with indivisibilities
(Elsevier, 1993)
We consider an exchange market for an indivisible, heterogeneous good where pairs of buyers and sellers bargain over prices in different transactions. A stable outcome in one negotiation cannot be uniquely determined by ...
Sectoral effects of reductions in NATO military expenditures in the major industrialized and developing countries
(Kluwer Academic Publishers; Springer Science+Business Media, 1993-09)
We use the Michigan Model of World Production and Trade to assess the sectoral effects of (1) a 25 percent unilateral reduction of military expenditures in the individual NATO countries and (2) a 25 percent multilateral ...
Price stabilization in the market for new issues
(Elsevier, 1993-10)
This study examines price stabilization in new equity issues. Stabilizationtruncates the distribution of post-issue prices at a floor price, lowering the risk of adverse price moves and hence, in a competitive dealer market, ...
Renegotiation and Symmetry in Repeated Games
(Elsevier, 1993-08)
The paper derives a theory of renegotiation-proofness in symmetric repeated games based on a notion of "equal bargaining power." According to consistent bargaining equilibrium a player can mount a credible objection to a ...