Now showing items 1-2 of 2
Strategyproof Choice of Acts: Beyond Dictatorship
(Virginia Tech, 2017-05-20)
We model uncertain social prospects as acts mapping states of nature to (public) outcomes. A social choice function (or SCF) assigns an act to every profile of subjective expected utility preferences over acts. A SCF is ...
Strategic Resource Dependence and Adoption of a Substitute under Learning-by-Doing
(Virginia Tech, 2013-06-28)
There is ample evidence that the production of alternative sources of energy is subject to learning-by-doing. The present paper examines the implications of learning-by-doing in the bilateral resource monopoly studied by ...