Showing 1 - 10 of 38
We study dominant strategy implementation in a variant of the canonical public good provision model, as proposed by Borgers and Postl (2009). In this set up, we fully characterize the set of budget-balanced dominant strategy deterministric mechanisms, which are simple threshold rules. For...
Persistent link: https://www.econbiz.de/10008621758
We study strategy-proof decision rules in the variants of the canonical public good model proposed by Borgers and Postl (2009). In this setup, we fully characterize the set of budget-balanced strategy-proof deterministic mechanisms, which are simple threshold rules. For smooth probabilistic...
Persistent link: https://www.econbiz.de/10009145598
We study procurement procedures that simultaneously determine specification and price of a good. Suppliers can offer and produce the good in either of two possible specifications, both of which are equally good for the buyer. Production costs are interdependent and unknown at the time of...
Persistent link: https://www.econbiz.de/10009391869
We study procurement procedures that simultaneously determine specification and price of a good. Suppliers can offer and produce the good in either of two possible specifications, both of which are equally good for the buyer. Production costs are interdependent and unknown at the time of...
Persistent link: https://www.econbiz.de/10009323817
For duopoly models, we consider the notion of weak correlation using simple symmetric devices that the players choose to commit to in equilibrium. In a linear duopoly game, we prove that Nashcentric devices involving a sunspot structure are simple symmetric weak correlated equilibria. Any small...
Persistent link: https://www.econbiz.de/10009292394
We study both theoretically and experimentally the complete set of Nash equilibria of a classical one-dimensional, majority rule election game with two candidates, who might be interested in power as well as in ideology, but not necessarily in the same way. Apart from obtaining the well known...
Persistent link: https://www.econbiz.de/10009292395
We consider a Battle of the Sexes game with two types, High and Low, for each player and allow cheap talk regarding players' types before the game. We prove that the unique fully revealing symmetric cheap talk equilibrium exists for a low range of prior probability of the High-Type. This...
Persistent link: https://www.econbiz.de/10010818179
In the Crawford-Sobel (uniform, quadratic utility) cheap-talk model, we consider a simple mediation scheme (a communication device) in which the informed agent reports one of the N possible elements of a partition to the mediator and then the mediator suggests one of the N actions to the...
Persistent link: https://www.econbiz.de/10010818184
We consider a Battle of the Sexes game with incomplete information and allow cheap talk regarding players' private information before the game is played. We prove that the unique fully revealing symmetric cheap talk equilibrium has a desirable coordination property. Such coordination can also be...
Persistent link: https://www.econbiz.de/10010818189
We analyze the Hotelling-Downs model of a winner-take-all elections with sequential entry where n 2 'office-seeking' candidates with privately known qualities arrive in an order to announce platform commitments and voters receive partially informative exogenous signals about quality of each...
Persistent link: https://www.econbiz.de/10010818193