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  1. Socio-legal systems and implementation of the Nash solution in Debreu-Hurwicz equilibrium
    Author: Haake, Claus-Jochen; Trockel, Walter
    Published: April 2021
    Publisher:  Universität Paderborn, Center for International Economics, [Paderborn]

    Access:
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 471
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Center for International Economics working paper series ; no. 2021, 02
    Subjects: socio-legal systems; implementation; social systems; generalized games; Nash demand game
    Scope: 1 Online-Ressource (circa 16 Seiten), Illustrationen
  2. Socio-legal systems and implementation of the Nash solution in Debreu-Hurwicz equilibrium
    Author: Haake, Claus-Jochen; Trockel, Walter
    Published: [2021]
    Publisher:  Center for Mathematical Economics (IMW), Bielefeld University, Bielefeld, Germany

    In this article we combine Debreu's (1952) social system with Hurwicz's (1994, 2008) ideas of embedding a "desired" game form into a "natural" game form that includes all feasible behavior, even if it is "illegal" according to the desired form. For... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 263
    Inter-library loan:
    No inter-library loan

     

    In this article we combine Debreu's (1952) social system with Hurwicz's (1994, 2008) ideas of embedding a "desired" game form into a "natural" game form that includes all feasible behavior, even if it is "illegal" according to the desired form. For the resulting socio-legal system we extend Debreu's concepts of a social system and its social equilibria to a socio-legal system with its Debreu-Hurwicz equilibria.We build on a more general version of social equilibrium due to Shafer and Sonnenschein (1975) that also generalizes the dcmechanism of Koray and Yildiz (2018) which relates implementation via mechanisms with implementation via rights structures as introduced by Sertel (2001). In the second part we apply and illustrate these new concepts via an application in the narrow welfarist framework of two person cooperative bargaining. There we provide in a socio-legal system based on Nash's demand game an implementation of the Nash bargaining solution in Debreu-Hurwicz equilibrium.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/238125
    Edition: This version: April 05, 2021
    Series: Working papers / Center for Mathematical Economics ; 647 (April 2021)
    Subjects: socio-legal systems; implementation; social systems; generalized games; Nash demand game
    Scope: 1 Online-Ressource (circa 15 Seiten), Illustrationen