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The paper proves that in two-player logit form symmetric contestswith concave success function, commitment to a particular strategydoes not increase a player's payo, while in contests with more thantwo players it does. The paper also provides a contest-like game inwhich commitment does not...
Persistent link: https://www.econbiz.de/10005868568
The paper compares two models of evolution in symmetric twoplayergames with incomplete information. One model …
Persistent link: https://www.econbiz.de/10005868794
We exploit the aggregative structure of the public good modelto provide a simple analysis of the voluntary contribution game. Incontrast to the best response function approach, ours avoids the pro-liferation of dimensions as the number of players is increased, andcan readily analyse games...
Persistent link: https://www.econbiz.de/10005868908