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When students find themselves in a college that doesn't reflect their interdependent values, they flounder, researchers say.
We allow for general interdependent values and affiliated signals.
And they're uniquely suited to the question of simulating cells, in which there are many such interdependent values — chemical concentrations, pH, temperature and the like.
In particular, with interdependent values none of the common auction forms is efficient in general.
This paper studies the revenue maximization problem in environments wherein buyers have interdependent values and correlated types.
This paper characterizes the set of equilibrium payoffs in bargaining with interdependent values when the informed party makes all offers, as discounting vanishes.
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The first stage that elicits the part of the agents' private information that induces interdependence can be used to transform certain other interdependent value problems into private value problems.
First-generation students, for example, were more likely to select "Help my family out after I'm done with college" — an interdependent value — as a motivation.
We showed in McLean and Postlewaite (2014) that when agents are informationally small, there exist small modifications to VCG mechanisms in interdependent value problems that restore incentive compatibility.
Figure 4 visualizes the above-stated procedure by showing the simplex created by two interdependent power values together with an independent third dimension.
In foreign policy, democratic states can handle interdependent interests and values at the same time, provided we are consistent.
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