YC Chen, A Di Tillio, E Faingold… - Theoretical …, 2010 - Wiley Online Library
We study the robustness of interim correlated rationalizability to perturbations of higher-
order beliefs. We introduce a new metric topology on the universal type space, called
uniform-weak topology, under which two types are close if they have similar first-order ...
S Xiong… - Journal of Economic Theory, 2007 - Elsevier
In production economies, the extent to which non-equilibria are blocked depends on the
allocation of control rights among shareholders, because a blocking coalition's resources
are affected by the firms it jointly owns with outsiders. We formulate a notion of blocking ...
YC Chen… - Journal of Economic Theory, 2011 - Elsevier
Barelli [P. Barelli, On the genericity of full surplus extraction in mechanism design, J. Econ.
Theory 144 (2009) 1320–1332] defines beliefs-determine-preferences (BDP) models and
argues that BDP models are nongeneric in a topological sense. In this note, we point out ...
YC Chen… - 2011 - owlnet.rice.edu
Abstract We propose and fully characterize a notion of selecting rationalizable actions via
perturbing players' higher-order beliefs, which we call the robust selection. Like the WY
selection (Weinstein and Yildiz (2007)), the robust selection generalizes the idea behind ...
YC Chen… - 2011 - owlnet.rice.edu
Abstract We study whether priors that admit full surplus extraction (FSE) are generic, which
becomes a gauge to evaluate the validity of the current mechanism design paradigm. We
consider the space of priors on the universal type space, and thereby relax the ...
[CITATION] Omitted Proofs and Notes in “Core Equivalence Theorem and Corporate Governance”
S Xiong… - 2005
S Xiong… - 2008 - econ.iastate.edu
Abstract Competitive behaviors such as outbidding one's rivals may be countered by the
rivals' threat of mutually destructive objections. In an Arrow-Debreu model of production
economies with firms privatized by property rights, we model such hindered competitive ...
S Xiong… - Staff General Research Papers, 2007 - econ2.econ.iastate.edu
Abstract In production economies, the extent to which non-equilibria are blocked depends
on specific rules that allocate authority among shareholders, because a blocking coalition's
resources are affected by the firms it jointly owns with outsiders. Based on a notion of ...
S Xiong - Games and Economic Behavior, 2011 - Elsevier
Given the regularity condition on posteriors proposed in Lehrer and Samet (2011), we show
that Lehrer and Sametʼs (2011) characterization of agreeing to agree in countable-
information models cannot be extended to uncountable-information models. This answers ...
S Xiong, YC Chen, A Di Tillio… - Theoretical Economics, 2010 - ideas.repec.org
We study the robustness of interim correlated rationalizability to perturbations of higher-
order beliefs. We introduce a new metric topology on the universal type space, called
uniform weak topology, under which two types are close if they have similar first-order ...
S Xiong… - 2005 - emlab.berkeley.edu
Abstract Contrary to a common belief that institutions do not matter in general equilibrium
theory, this paper identifies in the theory a critical role played by corporate governance: In
production economies, the extent to which non-equilibria are blocked depends on specific ...
S Xiong - 2011 - owlnet.rice.edu
Abstract In a mechanism game with multiple principals and three or more agents, Yamashita
[8] fully characterizes the set of deterministic allocations which can be (partially)
implemented via pure-strategy equilibria. This note extends this result to the case where ...
S Xiong - 2010 - owlnet.rice.edu
Abstract In the common $ prior setup, Gossner, Kalai and Weber [2] prove an equivalence
result, linking subjective independence with independence under a common $ knowledge
variable. In this short note, we extend this equivalence result to non $ common $ prior ...
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