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294,529
Automobile prices in market equilibrium
 Econometrica
, 1995
"... Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at ..."
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Cited by 510 (18 self)
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Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at
The complexity of computing a Nash equilibrium
, 2006
"... We resolve the question of the complexity of Nash equilibrium by showing that the problem of computing a Nash equilibrium in a game with 4 or more players is complete for the complexity class PPAD. Our proof uses ideas from the recentlyestablished equivalence between polynomialtime solvability of n ..."
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Cited by 324 (23 self)
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We resolve the question of the complexity of Nash equilibrium by showing that the problem of computing a Nash equilibrium in a game with 4 or more players is complete for the complexity class PPAD. Our proof uses ideas from the recentlyestablished equivalence between polynomialtime solvability
The Nash Bargaining Solution in Economic Modeling
 Rand Journal of Economics
, 1986
"... This article establishes the relationship between the static axiomatic theory of bargaining and the sequential strategic approach to bargaining. We consider two strategic models of alternating offers. The models differ in the source of the incentive of the bargaining parties to reach agreement: the ..."
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Cited by 556 (1 self)
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: the bargainers ' time preference and the risk of breakdown of negotiation. Each of the models has a unique perfect equilibrium. When the motivation to reach agreement is made negligible, in each model the unique perfect equilibrium outcome approaches the Nash bargaining solution, with utilities that reflect
A Simple Model of Capital Market Equilibrium with Incomplete Information
 JOURNAL OF FINANCE
, 1987
"... The sphere of modern financial economics encompases finance, micro investment theory and much of the economics of uncertainty. As is evident from its influence on other branches of economics including public finance, industrial organization and monetary theory, the boundaries of this sphere are both ..."
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Cited by 720 (2 self)
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The sphere of modern financial economics encompases finance, micro investment theory and much of the economics of uncertainty. As is evident from its influence on other branches of economics including public finance, industrial organization and monetary theory, the boundaries of this sphere are both permeable and flexible. The complex interactions of time and uncertainty guarantee intellectual challenge and intrinsic excitement to the study of financial economics. Indeed, the mathematics of the subject contain some of the most interesting applications of probability and optimization theory. But for all its mathematical refinement, the research has nevertheless had a direct and significant influence on practice. It was not always thus. Thirty years ago, finance theory was little more than a collection of anecdotes, rules of thumb, and manipulations of accounting data with an almost exclusive focus on corporate financial management. There is no need in this meeting of the guild to recount the subsequent evolution from this conceptual potpourri to a rigorous economic
Strategies of Discourse Comprehension
, 1983
"... El Salvador, Guatemala is a, study in black and white. On the left is a collection of extreme MarxistLeninist groups led by what one diplomat calls “a pretty faceless bunch of people.’ ’ On the right is an entrenched elite that has dominated Central America’s most populous country since a CIAbacke ..."
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Cited by 601 (27 self)
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backed coup deposed the reformist government of Col. Jacobo Arbenz Guzmán in 1954. Moderates of the political center. embattled but alive in E1 Salvador, have virtually disappeared in Guatemalajoining more than 30.000 victims of terror over the last tifteen vears. “The situation in Guatemala is much more
Quantal Response Equilibria For Normal Form Games
 NORMAL FORM GAMES, GAMES AND ECONOMIC BEHAVIOR
, 1995
"... We investigate the use of standard statistical models for quantal choice in a game theoretic setting. Players choose strategies based on relative expected utility, and assume other players do so as well. We define a Quantal Response Equilibrium (QRE) as a fixed point of this process, and establish e ..."
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Cited by 634 (27 self)
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We investigate the use of standard statistical models for quantal choice in a game theoretic setting. Players choose strategies based on relative expected utility, and assume other players do so as well. We define a Quantal Response Equilibrium (QRE) as a fixed point of this process, and establish
StrategyProofness and Arrow’s Conditions: Existence and Correspondence Theorems for Voting Procedures and Social Welfare Functions
 J. Econ. Theory
, 1975
"... Consider a committee which must select one alternative from a set of three or more alternatives. Committee members each cast a ballot which the voting procedure counts. The voting procedure is strategyproof if it always induces every committee member to cast a ballot revealing his preference. I pro ..."
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Cited by 542 (0 self)
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Consider a committee which must select one alternative from a set of three or more alternatives. Committee members each cast a ballot which the voting procedure counts. The voting procedure is strategyproof if it always induces every committee member to cast a ballot revealing his preference. I
Monotone Pure Strategy Equilibrium
, 2007
"... This paper provides a sufficient condition for existence and uniqueness of equilibrium, which is in monotone pure strategies, in a broad class of Bayesian games. The argument requires that the incremental interim payoff—the expected payoff difference between any two actions, conditional on a playe ..."
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This paper provides a sufficient condition for existence and uniqueness of equilibrium, which is in monotone pure strategies, in a broad class of Bayesian games. The argument requires that the incremental interim payoff—the expected payoff difference between any two actions, conditional on a
Results 1  10
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