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Eliciting the core of a supermodular capacity

Author

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  • Robert Chambers
  • Tigran Melkonyan

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

Suggested Citation

  • Robert Chambers & Tigran Melkonyan, 2005. "Eliciting the core of a supermodular capacity," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(1), pages 203-209, July.
    • Handle: RePEc:spr:joecth:v:26:y:2005:i:1:p:203-209
    DOI: 10.1007/s00199-004-0528-y
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    Cited by:

    1. Chambers, Christopher P., 2008. "Proper scoring rules for general decision models," Games and Economic Behavior, Elsevier, vol. 63(1), pages 32-40, May.
    2. Robert Chambers & Tigran Melkonyan, 2008. "Eliciting beliefs," Theory and Decision, Springer, vol. 65(4), pages 271-284, December.
    3. Larry G Epstein & Kaushil Patel, 2024. "Identifying Heterogeneous Decision Rules From Choices When Menus Are Unobserved," Papers 2405.09500, arXiv.org.

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