Hans Haller Publishes on Berge Equilibrium, Altruism, and Social Welfare

Hans Haller, Professor in the Department of Economics and PPE Affiliate, published a paper with the title “Berge Equilibrium, Altruism, and Social Welfare.” The paper appeared in Social Choice and Welfare.

Here is a link to the paper. The abstract is as follows: Welfare and other properties of Berge equilibria are investigated. In particular, we address the questions to what extent Berge equilibrium can select from multiple Nash equilibria; can serve as a substitute for Nash equilibria; can Pareto improve upon Nash equilibrium. Furthermore, some of the recent results on the relation between Berge equilibria and Kantian equilibria are summarized.