Szentes Balázs (University of Chicago és UCL)
Definable and Contractible Contracts
(Az előadás magyar nyelven zajlik, szerzőtárs: Peters, Michael)
This paper analyzes a normal form game in which actions as
well as contracts are contractible. The contracts are required
to be representable in a formal language. We prove a
folk-theorem for games with complete and incomplete
information. This is accomplished by constructing contracts
which are definable functions of the Godel code of every other
player's contract. We use this to illustrate the 'meet the
competition' argument from Industrial Organization and the
'principle of reciprocity' from Trade and Public Finance.
Időpont: dec. 9. kedd 16:15 Helye: BME, Z épület 2. em. 205.