Clever agents in adaptive learning

Article Abstract:

The 'cleverness' of players introduced by Saez-Marti and Weibull by investigating the outcome of letting some agents play a myopic best reply to the myopic best reply in Young's bargaining model is analyzed and shows Young's prediction to be robust. In such a curb the long-run strategy distribution may vary with the share of clever agents

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Haggling over substitutes

Article Abstract:

The generic conditions on tastes, which guarantee that fixed prices are not optimal, are determined. The fully optimal selling strategy in a class of cases requires a seller to not to allow themselves to focus on one good aspect, but to remain equal on all other factors, thus to balance it's chance of getting accepted by consumers.

Market Targeting & Approach, Market strategy, Pricing policies

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Balanced Bayesian mechanisms

Article Abstract:

Conditions are identified on beliefs that guarantee the existence of Bayesian incentive compatible mechanisms with balance transfers in the transferable utility case. The conditions guaranteeing the Bayesian implementability of all social decision rules with balance budget mechanisms are studied.

Bayesian statistical decision theory, Bayesian analysis

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