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Bayesian potentials and information structures: Team decision problems revisited

Year: 2009

Type: article

Abstract: This paper proposes the use of Bayesian potential games as models of informationally decentralized organizations. Applying techniques in team decision problems by Radner (1962) , this paper characterizes Bayesian Nash equilibria in terms of Bayesian potentials and demonstrates using examples that Bayesian potentials are useful tools for studying the efficient use of information in organizations.

Source: International Journal of Economic Theory

DOI: 10.1111/j.1742-7363.2009.00109.x

Author: Takashi Ui

Institution: Yokohama National University

Language: English

Topic: Game Theory and Applications

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

Open Access status: green

Funder: Ministry of Education, Culture, Sports, Science and Technology

OpenAlex ID: W2129355050