A Decent Proposal

A Decent Proposal

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In this paper we explore the notion that players are decent, in the sense that their choices are bound by certain unwritten social rules. We apply this idea to two cases: bankruptcy and bargaining in exchange economies. We characterize the result that are generated by such a behavior in the cases of bankruptcy and in two person bargaining in exchange economies.
Instituto de Investigaciones Económicas (Valencia)

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Publié par
Ajouté le 01 janvier 1995
Nombre de lectures 16
Langue English
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