Results 81 to 90 of about 2,714 (212)

The Voting Premium

The Journal of Finance, Volume 81, Issue 3, Page 1321-1375, June 2026.
ABSTRACT We develop a unified theory of blockholder governance and the voting premium in a setting without takeovers or controlling shareholders. A voting premium emerges when a minority blockholder can influence shareholder composition by accumulating votes and buying shares from dissenting shareholders.
DORON LEVIT, NADYA MALENKO, ERNST MAUG
wiley   +1 more source

A Multi-Step Model for Pie Cutting with Random Offers

Mathematics
The problem of dividing a pie between two persons is considered. An arbitration procedure for dividing the pie is proposed, in which the arbitrator is a random number generator. In this procedure, the arbitrator makes an offer to the players at each step,
Vladimir Mazalov, Vladimir Yashin
doaj   +1 more source

Stationary consistent equilibrium coalition structures constitute the recursive core [PDF]

We study coalitional games where the proceeds from cooperation depend on the entire coalition structure. The coalition structure core (Kóczy, GEB, 2007) is a generalisation of the coalition structure core for such games.
László Á. Kóczy
core   +2 more sources

Consistent Beliefs in Extensive Form Games

Games, 2010
We introduce consistency of beliefs in the space of hierarchies of conditional beliefs (Battigalli and Siniscalchi) and use it to provide epistemic conditions for equilibria in finite multi-stage games with observed actions.
Paulo Barelli
doaj   +1 more source

On Games of Perfect Information: Equilibria, epsilon-Equilibria and Approximation by Simple Games [PDF]

We show that every bounded, continuous at infinity game of perfect information has an epsilon-perfect equilibrium. Our method consists of approximating the payoff function of each player by a sequence of simple functions, and to consider the ...
Guilherme Carmona
core  

Extensive-form games and strategic complementarities [PDF]

(less than 25 lines) I prove the subgame-perfect equivalent of the basic result for Nash equilibria in normal-form games of strategic complements: the set of subgame-perfect equilibria is a non-empty, complete lattice.
Federico Echenique
core  

On the Existence of Markov Perfect Equilibria in Perfect Information Games [PDF]

We study the existence of pure strategy Markov perfect equilibria in two-person perfect information games. There is a state space X and each period player's possible actions are a subset of X.
Hannu Vartiainen, Hannu Salonen
core  

Addressing Daigou from the Perspective of Channel Competition: Strategy for Retail Management

Mathematics
In China’s on-demand service platforms, daigou agents utilize locational differences through proxy purchasing. Daigou creates an informal supply chain that directly competes with official channels.
Keqin Chang, Rachael Kwai Fun Ip, Pak Hou Che   +2 more
doaj   +1 more source

On Games of Perfect Information: Equilibria, E-Equilibria and Approximation by Simple Games [PDF]

We show that every bounded, continuous at infinity game of perfect information has an "!perfect equilibrium. Our method consists of approximating the payoff function of each player by a sequence of simple functions, and to consider the corresponding ...
Carmona, Guilherme
core  

Two Simple Proofs of a Theorem by Harris [PDF]

We present two simple proofs of existence of subgame perfect equi- libria in continuous games with perfect information.
Carmona, Guilherme
core