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Giving Gossips Their Due: Information Provision in Games with Private Monitoring

Gazzale, Robert - EconWPA - 2005

The ability of a long-lived seller to maintain and profit from a good reputation may induce her to provide high quality … share it with the community and acquire a reputation for gossiping. Reputations function in tandem: sellers provide high … made public, while information holders share their information as a reputation for doing so results in higher effort from …

Persistent link: https://www.econbiz.de/10005118597

Governance Matters III: Governance Indicators for 1996-2002

Kaufmann, Daniel; Kraay, Aart; Mastruzzi, Massimo - EconWPA - 2003

This paper presents estimates of six dimensions of governance covering 199 countries and territories for four time periods: 1996, 1998, 2000, and 2002. These indicators are based on several hundred individual variables measuring perceptions of governance, drawn from 25 separate data sources...

Persistent link: https://www.econbiz.de/10005561191

Capital account Liberalization and exchange rate regime choice, What Scope for flexibility in Tunisia ?

Sami, Ben Ali Mohamed - EconWPA - 2005

Capital account liberalization and exchange rate regime choice, what scope for flexibility in Tunisia? The adoption by Tunisia of structural reforms of its economy in a context of gradual opening since 1986, had allowed the instauration in January 1993 of the convertibility of its current...

Persistent link: https://www.econbiz.de/10005407508

What restrictions do Bayesian games impose on the value of information?

Lehrer, Ehud; Rosenberg, Dinah - EconWPA - 2003

In a Bayesian game players play an unknown game. Before the game starts some players may receive a signal regarding the specific game actually played. Typically, information structures that determine different signals, induce different equilibrium payoffs.In zero-sum games the equilibrium payoff...

Persistent link: https://www.econbiz.de/10005407510

Voting and Lottery Drafts as Efficient Public Goods Mechanisms

Ledyard, John O.; Palfrey, Thomas R. - EconWPA - 1994

This paper characterizes interim efficient mechanisms for public good production and cost allocation in a two-type environment with risk neutral, quasi-linear preferences and fixed size projects, where the distribution of the private good, as well as the public goods decision, affects social...

Persistent link: https://www.econbiz.de/10005407511

On the Relation Between Perfect Equilibria in Extensive Form Games and Proper Equilibria in Normal Form Games

Hillas, John - EconWPA - 1996

This paper examines the question of the extent to which it is true that any equilibrium that is quasi-perfect in any extensive form game having a given normal form is necessarily proper. If one fixes not only the equilibrium in question but also a a sequence of completely mixed strategies...

Persistent link: https://www.econbiz.de/10005407514

A Consumer-Based Model of Competitive Diffusion of Two Goods: The Effects of Network Externalities and Local Interactions

Tomochi, Masaki; Murata, Hiroaki; Kono, Mitsuo - EconWPA - 2002

The diffusion of two competitive, interchangeable, and durable goods is studied under the framework of a spatial game where consumers are distributed on a two-dimensional square lattice and play 3$\times$3 symmetric coordination-like games with their nearest neighbors. There are three...

Persistent link: https://www.econbiz.de/10005407515

Topology-Free Typology of Beliefs

Heifetz, Aviad; Samet, Dov - EconWPA - 1996

In their seminal paper, Mertens and Zamir (1985) proved the existence of a universal Harsanyi type space which consists of all possible types. Their method of proof depends crucially on topological assumptions. Whether such assumptions are essential to the existence of a universal space remained...

Persistent link: https://www.econbiz.de/10005407516

A Game Theoretic Approach to Computer Science: Survey and Research Directions

GALLO, Crescenzio - EconWPA - 2005

traditional computing architecture (Boole, von Neuman, Turing, Church, Godel), investigating in computability, complexity theory … model. The purpose of this work is to investigate some themes at the intersection of algorithmics and game theory …

Persistent link: https://www.econbiz.de/10005407520

AN EVOLUTIONARY INTERPRETATION OF MIXED-STRATEGY EQUILIBRIA

Oechssler, Joerg - EconWPA - 1994

One of the more convincing interpretations of mixed strategy equilibria describes a mixed equilibrium as a steady state in a large population in which all players use pure strategies but the population as a whole mimics a mixed strategy. To be complete, however, this interpretation requires a...

Persistent link: https://www.econbiz.de/10005407522