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The Resale-Proof Trade of Information as a Stable Standard of Behavior — An Application of the Theory of Social Situations

In: Essays in Game Theory

Author

Listed:
  • Shigeo Muto

    (Tohoku University, Faculty of Economics)

  • Mikio Nakayama

    (Hosei University, Faculty of Economics)

Abstract

The theory of social situations due to Greenberg is applied to information trading. The solution concept, defined by Nakayama, Quintas, and Muto as a resale-proof trade, is shown to be derived as a unique stable standard of behavior for a situation which we call the information trading situation.

Suggested Citation

  • Shigeo Muto & Mikio Nakayama, 1994. "The Resale-Proof Trade of Information as a Stable Standard of Behavior — An Application of the Theory of Social Situations," Springer Books, in: Nimrod Megiddo (ed.), Essays in Game Theory, chapter 0, pages 141-154, Springer.
  • Handle: RePEc:spr:sprchp:978-1-4612-2648-2_11
    DOI: 10.1007/978-1-4612-2648-2_11
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