Objective
The project strives to study economic models in which contradictions between efficiency and stability are formulated, to provide solutions and to establish algorithms for such solutions. Models will be considered in the framework of game theory, general equilibrium theory, welfare theory, and social choice.
The non-co-operative Nash equilibrium as well as solutions for bargaining problems or general games with non-transferable utility will be studied in the context of complete and incomplete information. The private welfare characteristics will be studied simultaneously. If a suitable type of utility function represents the preferences of the players then normal form games, non-cooperative, arise in which the public and the purely personal assessments can be interpreted. The question of which kind of preferences lead to the implementation of public choice mechanisms that are non-compulsory will be under surveillance. In co-operative game theory and bargaining the question of introducing incomplete information about the types of other players will be considered. It is important to formulate solutions for such problems which choose publicly acceptable mechanisms. Such mechanisms should be Bayesian incentive compatible in order to avoid misrepresentation by agents/players of their information for strategic reasons.
Finally, the actual computation of equilibrium concepts will also be under consideration. Algorithms to find equilibria of bimatix games, to compute extremal Bayesian incentive compatible mechanisms and other solution concepts of game theory such as the kernel and the nucleolus will be studied.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
This project has not yet been classified with EuroSciVoc.
Be the first one to suggest relevant scientific fields and help us improve our classification service
You need to log in or register to use this function
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Data not available
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Data not available
Coordinator
33615 Bielefeld
Germany
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.