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unique pure-strategy Nash equilibrium in rent-seeking games of complete information. In this paper, we generalize their … results to contests with incomplete informa tion. Two assumptions are imposed on the information structure. First, the players …
Persistent link: https://www.econbiz.de/10010208517
quasilinear payoffs. For the case where the designer has no information about the intensity of social preferences, we provide …. For the case where precise information about social preferences is available, we show that any tension between efficiency …
Persistent link: https://www.econbiz.de/10010354632
Colonel Blotto games with discrete strategy spaces effectively illustrate the intricate nature of multidimensional strategic reasoning. This paper studies the equilibrium set of such games where, in line with prior experimental work, the tie-breaking rule is allowed to be flexible. We begin by...
Persistent link: https://www.econbiz.de/10014500423
bargaining protocol. Subjects buy commodities that have different private values with assets that have common values and can be … subject to a private information problem. The asset plays the role of a medium of exchange, but this role can be affected by … its lack of "recognizability." We study a benchmark experiment where the OTC bargaining game takes place under complete …
Persistent link: https://www.econbiz.de/10009763984
Persistent link: https://www.econbiz.de/10013393412
psychologically robust mechanism. Such a mechanism can be implemented without information about the type or the intensity of social …
Persistent link: https://www.econbiz.de/10009743166
We introduce a simple two-stage game of endogenous network formation and information sharing for reasoning about the … between targeted and collective information sharing. Agents value being connected to other agents and sharing and receiving … information. We consider multiple utility specifications. We show that the game always has an equilibrium in pure strategies and …
Persistent link: https://www.econbiz.de/10010360337
This paper studies incentives for the interim voluntary disclosure of verifiable information in probabilistic all …
Persistent link: https://www.econbiz.de/10011805749
This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all …. We also consider partial information release, cheap talk, Bayesian persuasion, information design, correlation, and …
Persistent link: https://www.econbiz.de/10012420336
We consider a class of incomplete-information Colonel Blotto games in which N ≥ 2 agents are engaged in (N + 1 … battlefield. In contrast to the single-unit case, however, agents never enjoy any information rent. We also outline an extension …
Persistent link: https://www.econbiz.de/10012123363