Eliciting the core of a supermodular capacity

Robert Chambers; T.A. Melkonyan

doi:10.1007/s00199-004-0528-y

Eliciting the core of a supermodular capacity

Robert Chambers, T.A. Melkonyan

Research output: Contribution to journal › Article › peer-review

2 Citations (Scopus)

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.

Original language	English
Pages (from-to)	203-209
Journal	Economic Theory
Volume	26
Issue number	1
DOIs	https://doi.org/10.1007/s00199-004-0528-y
Publication status	Published - 2005

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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.",

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AB - 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.

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DO - 10.1007/s00199-004-0528-y

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JO - Economic Theory

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Eliciting the core of a supermodular capacity

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