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We present a common value mechanism design model for an informed principal where only the principal has private information, but her one-dimensional private information is allowed to be distributed according to any probability measure. For this model we characterize the set of pure-strategy...
Persistent link: https://www.econbiz.de/10004968466
properties of such network payoff functions that guarantee the existence of certain types of pairwise stable networks and the …A network payoff function assigns a utility to all participants in a (social) network. In this paper we discuss … convergence of certain network formation processes. In particular we investigate network payoff functions that admit an exact …
Persistent link: https://www.econbiz.de/10004968375
We study a model of local evolution. Players are located on a network and play games agains their neighbors. Players …
Persistent link: https://www.econbiz.de/10004968201
This paper applies the idea of evolution to a spatial model. We assume that prisoners' dilemmas or coordination games are played repeatedly within neighborhoods where players do not optimize but instead copy successful strategies. Discriminatory behavior of players is introduced representing...
Persistent link: https://www.econbiz.de/10004968227
We present a simple model of spatial evolution that avoids several problems that arise with more complex networks of … captured while nonlinearities that would arise with more complex networks are avoided. We can identify characteristics of … evolution in networks such as stable cooperation in prisoners' dilemma games and long run exploitation among different …
Persistent link: https://www.econbiz.de/10004968288
Persistent link: https://www.econbiz.de/10004968145
This paper analyzes the effect of the availability of information about the payoff structure on the behavior of players in a Common-Pool Resource game. Six groups of six individuals played a complete information game, while other six groups played the same game but with no information about the...
Persistent link: https://www.econbiz.de/10004968350
Two subjects have to repeatedly choose between two alternatives, A and B, where payoffs of an A or B-choice depend on the choices made by both players in a number of previous choices. Locally, alternative A gives always more payoff than alternative B. However, in terms of overall payoffs...
Persistent link: https://www.econbiz.de/10004968419
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