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Baye, Michael R.; Kovenock, Dan; Vries, Casper G. de - Tinbergen Institute - 2009

, tournaments, R&D races, models of ligitation, and a host of other contests. …-order contests with complete information, in which each player's strategy generates direct or indirect affine "spillover" effects … important economic environments, as well as in classic contests adapted to recent experimental and behavioral models where …

Persistent link: https://www.econbiz.de/10004964456

Incomplete Contract and Divisional Structures

Bao, Te; Wang, Yongqin - Tinbergen Institute - 2009

In this paper we want to analyze the internal divisional structure within an organi-

Persistent link: https://www.econbiz.de/10004987449

The Unique-lowest Sealed-bid Auction

Houba, Harold; Laan, Dinard van der; Veldhuizen, Dirk - Tinbergen Institute - 2008

Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two-bidders' auction is similar to the Hawk-Dove game, which...

Persistent link: https://www.econbiz.de/10005136936

Reciprocity and Emotions: Arousal, Self-Reports, and Expectations

Ben-Shakhar, Gershon; Bornstein, Gary; Hopfensitz, Astrid; … - Tinbergen Institute - 2004

Although reciprocity is a key concept in the social sciences, it is still unclear why people engage in costly reciprocation. In this study, physiological and self-report measures were employed to investigate the role of emotions, using the Power-to-Take Game. In this 2-person game, player 1 can...

Persistent link: https://www.econbiz.de/10005504959

Competitive Bidding in Auctions with Private and Common Values

Goeree, Jacob K.; Offerman, Theo - Tinbergen Institute - 2000

The objects for sale in most auctions possess both private and common value elements. This salient feature has not yet been incorporated into a strategic analysis of equilibrium bidding behaviour. This paper reports such an analysis for a stylised model in which bidders receive a private value...

Persistent link: https://www.econbiz.de/10005450754

On Borel Probability Measures and Noncooperative Game Theory

Frenk, J.B.G.; Kassay, G.; Protassov, V. - Tinbergen Institute - 2002

In this paper the well-known minimax theorems of Wald, Ville and Von Neumann are generalized under weaker topological conditions on the payoff function <i>f</i> and/or extended to the larger set of the Borel probability measures instead of the set of mixed strategies.

Persistent link: https://www.econbiz.de/10005450809

Preopening and Equilibrium Selection

Calcagno, Riccardo; Lovo, Stefano - Tinbergen Institute - 2010

We introduce a form of pre-play communication that we call "preopening". During the preopening, players announce their tentative actions to be played in the underlying game. Announcements are made using a posting system which is subject to stochastic failures. Posted actions are publicly...

Persistent link: https://www.econbiz.de/10008484068