LINEAR INEQUALITY METHODS TO ENFORCE PARTNERSHIPS UNDER UNCERTAINTY -AN OVERVIEW

Authors
DASPREMONT C GERARDVARET LA
Citation
C. Daspremont et La. Gerardvaret, LINEAR INEQUALITY METHODS TO ENFORCE PARTNERSHIPS UNDER UNCERTAINTY -AN OVERVIEW, Games and economic behavior (Print), 25(2), 1998, pp. 311-336
Citations number
27
Categorie Soggetti
Economics
Journal title
Games and economic behavior (Print) → ACNP
ISSN journal
08998256
Volume
25
Issue
2
Year of publication
1998
Pages
311 - 336
Database
ISI
SICI code
0899-8256(1998)25:2<311:LIMTEP>2.0.ZU;2-B
Abstract
We review different (generic) conditions on stochastic outcome functio ns to enforce either efficient or nearly efficient partnerships. Their logical relationship is explored. Two kinds of conditions are conside red. However, the property for an action profile to be ''compatible'' plays a crucial role in both kinds. Also, two kinds of enforcement mec hanisms are considered: enforcement through utility transfers and enfo rcement through repetition. Journal of Economic Literature Classificat ion Numbers: D2, D7. (C) 1998 Academic Press.