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Eliciting the core of a supermodular capacity
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Chambers, Robert G. and Melkonyan, Tigran A. (2005) Eliciting the core of a supermodular capacity. Economic Theory, 26 (1). pp. 203-209. doi:10.1007/s00199-004-0528-y ISSN 0938-2259.
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Abstract
The paper utilizes duality theory to derive an exact representation of the core of a supermodular capacity for finite-state-space Choquet expected utility preferences. Using the dual representation we develop an algorithm that uses information on willingness to pay and willingness to sell to elicit a supermodular capacity in a finite number of iterations.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HB Economic Theory | ||||
Divisions: | Faculty of Social Sciences > Warwick Business School > Behavioural Science Faculty of Social Sciences > Warwick Business School |
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Journal or Publication Title: | Economic Theory | ||||
Publisher: | Springer | ||||
ISSN: | 0938-2259 | ||||
Official Date: | 2005 | ||||
Dates: |
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Volume: | 26 | ||||
Number: | 1 | ||||
Page Range: | pp. 203-209 | ||||
DOI: | 10.1007/s00199-004-0528-y | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published |
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