Eliciting the core of a supermodular capacity

Robert Chambers, T.A. Melkonyan

    Research output: Contribution to journalArticle

    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 languageEnglish
    Pages (from-to)203-209
    JournalEconomic Theory
    Volume26
    Issue number1
    DOIs
    Publication statusPublished - 2005

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    State space
    Duality theory
    Utility preference
    Information use
    Willingness
    Willingness-to-pay
    Choquet expected utility

    Cite this

    Chambers, Robert ; Melkonyan, T.A. / Eliciting the core of a supermodular capacity. In: Economic Theory. 2005 ; Vol. 26, No. 1. pp. 203-209.
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    Chambers, R & Melkonyan, TA 2005, 'Eliciting the core of a supermodular capacity' Economic Theory, vol. 26, no. 1, pp. 203-209. https://doi.org/10.1007/s00199-004-0528-y

    Eliciting the core of a supermodular capacity. / Chambers, Robert; Melkonyan, T.A.

    In: Economic Theory, Vol. 26, No. 1, 2005, p. 203-209.

    Research output: Contribution to journalArticle

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