Eliciting the core of a supermodular capacity

Robert Chambers () and Tigran Melkonyan ()

Economic Theory, 2005, vol. 26, issue 1, 203-209

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. Copyright Springer-Verlag Berlin/Heidelberg 2005

Keywords: Choquet expected utility; Maxmin expected utility; Supermodular capacity; Willingness to pay. (search for similar items in EconPapers)
Date: 2005
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DOI: 10.1007/s00199-004-0528-y

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