Asymmetric Information and The Coherence of Legislation: A Correction

1990 ◽  
Vol 84 (1) ◽  
pp. 243-245 ◽  
Author(s):  
David Austen-Smith ◽  
William H. Riker
Keyword(s):  
Decision Making ◽  
Asymmetric Information ◽  
Formal Analysis ◽  
Theoretic Model ◽  
Game Theoretic ◽  
Game Theoretic Model ◽  
Legislative Decision

In the September 1987 issue of this Review, we developed a game-theoretic model of committee or legislative decision making, showing the extent to which members may have incentives to share, or conceal, information. Because the formal analysis and statement of results for this model were in error, we offer this correction.

Agent-based game-theoretic model for collaborative web services: Decision making analysis

2013 ◽  
Vol 40 (8) ◽  
pp. 3207-3219 ◽  
Author(s):  
Babak Khosravifar ◽  
Jamal Bentahar ◽  
Rabeb Mizouni ◽  
Hadi Otrok ◽  
Mahsa Alishahi ◽  
...  
Keyword(s):  
Decision Making ◽  
Web Services ◽  
Theoretic Model ◽  
Agent Based ◽  
Game Theoretic ◽  
Game Theoretic Model

Asymmetric Information, Mediation, and Conflict Management

2006 ◽  
Vol 58 (2) ◽  
pp. 207-241 ◽  
Author(s):  
Robert W. Rauchhaus
Keyword(s):  
Quantitative Analysis ◽  
Asymmetric Information ◽  
Conflict Management ◽  
Empirical Support ◽  
Third Party ◽  
Theoretic Model ◽  
New Information ◽  
Effective Form ◽  
Game Theoretic ◽  
Game Theoretic Model

This article examines mediation in conflicts using both a game-theoretic model and a quantitative analysis. The game-theoretic model suggests that mediator effectiveness rests primarily on the ability of third parties to provide critical information about the disputants’ reservation points. The empirical analysis finds that mediation that targets asymmetric information is a highly effective form of conflict management. Moreover, the results suggest that mediation outperforms other forms of third-party intervention, including those that entail coercion. Both the model and quantitative analysis indicate that impartial mediators will generally outperform biased ones. Along with providing new information on conflict management, the quantitative analysis also has broader implications for IR theory. The results provide empirical support for the rationalist claim that asymmetric information is one of the root causes of war.

Stability in the informal value transfer systems: norms of trust or institutions of control?

2017 ◽  
pp. 120-130
Author(s):  
A. Lyasko
Keyword(s):  
Social Control ◽  
Institutional Economics ◽  
Theoretic Model ◽  
Transfer System ◽  
Value Transfer ◽  
Partner Interaction ◽  
Game Theoretic ◽  
Game Theoretic Model ◽  
Informal Value Transfer System

Informal financial operations exist in the shadow of official regulation and cannot be protected by the formal legal instruments, therefore raising concerns about the enforcement of obligations taken by their participants. This paper analyzes two alternative types of auxiliary institutions, which can coordinate expectations of the members of informal value transfer systems, namely attitudes of trust and norms of social control. It offers some preliminary approaches to creating a game-theoretic model of partner interaction in the informal value transfer system. It also sheds light on the perspectives of further studies in this area of institutional economics.

Hollywood’s Movie Production Companies in Game Theoretic Model

2020 ◽  
Author(s):  
Nargiz Mammadova ◽  
Aygun Malikova ◽  
Arzu Heydarova
Keyword(s):  
Theoretic Model ◽  
Game Theoretic ◽  
Game Theoretic Model

Augmenting Employees’ Efforts in Innovation

2021 ◽  
pp. 097674792198917
Author(s):  
Nikita Jain
Keyword(s):  
Theoretic Model ◽  
Wrongful Discharge ◽  
Equilibrium Level ◽  
Game Theoretic ◽  
Game Theoretic Model ◽  
The Impact

Strong labour laws play a major role in motivating innovation among employees. It has been found in the literature that stringency of labour laws is positively linked with employees’ efforts in innovation, in particular, wrongful discharge laws (WDL). However, employees may also bring nuisance suits against employers. Usually, the result of these suits is that both parties settle with each other. Thus, even if employees are justly dismissed, they may be able to bring nuisance suits against employers and gain a settlement amount. This article investigates how the possibility of nuisance suits affects the impact of WDL on employees’ efforts in innovation. In this respect, a game-theoretic model is developed in the article to find the equilibrium level of employees’ efforts in the presence of nuisance suits, where there is a possibility of employees getting discharged from the firm. I find that if nuisance suits are a possibility, the stringency of WDL has no impact on employees’ efforts if defence cost of the firm is low; but for higher defence costs, WDL affects employees’ efforts. The efforts exerted by an employee are found to be weakly increasing in the defence costs of the firm.

scholarly journals Formalization and study of the game-theoretic model of the optimal distribution of workers in enterprises

2019 ◽  
Vol 1399 ◽  
pp. 033095
Author(s):  
Irina Zaitseva ◽  
Tatiana Svechinskaya ◽  
Vladimir Zakharov ◽  
Natalia Zakharova ◽  
Andrey Murashko
Keyword(s):  
Theoretic Model ◽  
Optimal Distribution ◽  
Game Theoretic ◽  
Game Theoretic Model
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