Search
Now showing items 1-10 of 21
Title:Fairness, risk preferences and independence : impossibility theorems Author(s):FUDENBERG, Drew; LEVINE, David K.
Date:2012Citation:
- Journal of economic behavior & organization, 2012, Vol. 81, No. 2, pp. 606-612
Type:ArticleAbstract:The most widely used economic models of social preferences are specified only for certain outcomes. There are two obvious methods of extending them to lotteries. If we do so by expected utility theory, so that the independence ...
Date:2012Citation:
Title:Recency, consistent learning, and Nash equilibrium Author(s):FUDENBERG, Drew; LEVINE, David K.Date:2014Citation:
- Proceedings of the National Academy of Sciences of the United States of America, 2014, Vol. 111, No. 3 Supp., pp. 10826-10829
Type:ArticleAbstract:We examine the long-term implication of two models of learning with recency bias: recursive weights and limited memory. We show that both models generate similar beliefs and that both have a weighted universal consistency ...
Date:2014Citation:
Title:Evolution of impatience : the example of the farmer-sheriff game Author(s):LEVINE, David K.; MODICA, Salvatore; WEINSCHELBAUM, Federico; ZURITA, FelipeDate:2015Citation:
- American economic journal : microeconomics, 2015, Vol. 7, No. 3, pp. 295-317
Type:ArticleAbstract:The literature on the evolution of impatience, focusing on one-person decision problems, often finds that evolutionary forces favor the more patient individuals. This paper shows that in games where equilibrium involves ...
; MODICA, Salvatore; WEINSCHELBAUM, Federico; ZURITA, FelipeDate:2015Citation:
Title:The case against patents Author(s):BOLDRIN, Michele; LEVINE, David K.Date:2013Citation:
- Journal of Economic Perspectives, 2013, Vol. 27, No. 1, pp. 3-22
Type:ArticleAbstract:The case against patents can be summarized briefly: there is no empirical evidence that they serve to increase innovation and productivity, unless productivity is identified with the number of patents awarded—which, as ...
Date:2013Citation:
Title:Manifesto for research in economics Author(s):BOLDRIN, Michele; LEVINE, David K.Date:2018Citation:
- Research in economics, 2018, Vol. 72, No. 2, pp. 169-170
Type:Article
Date:2018Citation:
Title:Entertaining Malthus : bread, circuses, and economic growth Author(s):DUTTA, Rohan; LEVINE, David K.; PAPAGEORGE, Nicholas W.; WU, LeminDate:2018Citation:
- Economic inquiry, 2018, Vol. 56, No. 1, pp. 358-380
Type:ArticleAbstract:Motivated by the basic adage that man does not live by bread alone, we offer a theory of historical economic growth and population dynamics where human beings need food to survive, but enjoy other things, too. Our model ...
; LEVINE, David K.; PAPAGEORGE, Nicholas W.; WU, LeminDate:2018Citation:
Title:Damned if you do and damned if you don't : two masters Author(s):DUTTA, Rohan; LEVINE, David K.; MODICA, SalvatoreDate:2018Citation:
- Journal of economic theory, 2018, Vol. 177, pp. 101-125
Type:ArticleAbstract:We study common agency problems in which two principals (groups) make costly commitments to incentives that are conditioned on imperfect signals of the agent's action. Our framework allows for incentives to be either rewards ...
; LEVINE, David K.; MODICA, SalvatoreDate:2018Citation:
Title:Introduction to the special issue in honor of Lloyd Shapley : eight topics in game theory Author(s):LEVINE, David K.Date:2019Citation:
- Games and economic behavior, 2019, Vol. 108, pp. 1-12
Type:ArticleAbstract:Lloyd Shapley was my colleague at UCLA for many years; by the time he moved from RAND to UCLA he was already a legend – although he never acted the part doing his best to maintain the reputation of mathematicians as somewhat ...
Date:2019Citation:
Title:Collusion constrained equilibrium Author(s):DUTTA, Rohan; LEVINE, David K.; MODICA, SalvatoreDate:2018Citation:
- Theoretical economics, 2018, Vol. 13, No. 1, pp. 307-340
Type:ArticleAbstract:We study collusion within groups in noncooperative games. The primitives are the preferences of the players, their assignment to nonoverlapping groups, and the goals of the groups. Our notion of collusion is that a group ...
; LEVINE, David K.; MODICA, SalvatoreDate:2018Citation:
Title:Intervention and peace Author(s):LEVINE, David K.; MODICA, SalvatoreDate:2018Citation:
- Economic policy, 2018, Vol. 33, No. 95, pp. 361-402
Type:ArticleAbstract:Intervention often does not lead to peace, but rather to prolonged conflict. Indeed, we document that it is an important source of prolonged conflicts. We introduce a theoretical model of the balance of power to explain ...
; MODICA, SalvatoreDate:2018Citation: