Existence and properties of a value allocation for an economy with differential information

Article Abstract:

Private value allocation is sensitive to information levels and correlated with incentives in an economy with unlimited commodities and agents. The concept considers informational superiority and multi-dimensional trade possibilities. While the existence of private value allocation depends on the equality of economic risks among the agents, it does not quantify the each individual agent's contribution to the overall performance of the coalition. However, the concept provides a more logical conclusion than other rational expectation equilibrium models.

Models, Equilibrium (Economics), Value (Economics)

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Finite and infinite action dynamic games with imperfect information

Article Abstract:

A study was conducted to investigate finite and infinite dynamic action games with imperfect information. The study showed that one difference between infinite action games and finite action games is that there may be an absence of perfect equilibrium in infinite action games even when some regularity conditions are satisfied. However, even if there is no guarantee of the existence of perfect equilibria, epselon-perfect equilibria can always be generated.

Market Research, Behavior Theory, Analysis, Human behavior, Game theory, Statistical decision, Statistical decision theory, Games of strategy (Mathematics)

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Uniform continuity of information combination: a corrigendum

Article Abstract:

An analysis of uniform continuity based of information combination is presented. The analysis considers endogenous information determination while allowing the possibility of combining information from various sources. Such type of information setting requires an information topology. It is shown that proof for the uniform continuity of a 'sup' operation which generates an information combination may be validated.

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