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Majoritarian Contests with Asymmetric Battlefields: An Experiment
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2013-12)
We investigate a version of the classic Colonel Blotto game in which individual battles may have different values. Two players allocate a fixed budget across battlefields and each battlefield is won by the player who ...
Consumption and portfolio rules whit stochastic hyperbolic discounting
(Departamento de Fundamentos del Análisis Económico I, 2013-09)
We extend the classic Merton (1969, 1971) problem that investigates the joint consumption-savings and portfolio-selection problem under capital risk by assuming sophisticated but time-inconsistent agents. We introduce ...
Coalitional games with veto players: Myopic and farsighted behavior
(Departamento de Fundamentos del Análisis Económico I, 2013-10-10)
This paper studies an allocation procedure for coalitional games with veto players. The procedure is similar to the one presented by
Dagan et al. (1997) for bankruptcy problems. According to it, a player, the proposer, ...
Monopoly price discrimination with constant elasticity demand
(Departamento de Fundamentos del Análisis Económico I, 2013-11)
This paper presents new results on the welfare e¤ects of third-degree price discrimination under constant elasticity demand. We show that when both the share of the strong market under uniform pricing and the elasticity ...
Democratic Values Transmission
(2013-01)
This study addresses the issue of intergenerational transmission of democratic values embedded in social choice rules. We focus on a few rules which have been the focus of social choice theory: plurality, plurality with a ...
Emergence of Cooperation in Heterogeneous Population: A Discrete-Time Replicator Dynamics Analysis
(Departamento de Fundamentos del Análisis Económico I, 2013-12)
The emergence of cooperation is analyzed in heterogeneous populations where individuals can be classified in two groups according to their phenotypic appearance. Phenotype recognition is assumed for all individuals: ...