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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