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We study intra-individual behavioral heterogeneity in an experimental Cournot oligopoly. Previous empirical results in this setting have demonstrated convergence to competitive outcomes, in agreement with theoretical predictions assuming that players imitate successful opponents. We postulate...
Persistent link: https://www.econbiz.de/10012243082
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
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
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
In this paper, we study N-player Colonel Blotto games with incomplete information about battlefield valuations. Such …
Persistent link: https://www.econbiz.de/10012436059
This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all …-pay contests with two-sided incomplete information. Private information may concern marginal cost, valuations, and ability. Our … information is one-sided. However, the principle breaks down when contestants are potentially too similar in strength, possess …
Persistent link: https://www.econbiz.de/10014321141
(ERA) is a first-price auction in which truthful bidding is encouraged by bonus payments. We test the robustness property …
Persistent link: https://www.econbiz.de/10010360336
spite extends to the seller. We experimentally test the model predictions by exogenously varying the presence of human …
Persistent link: https://www.econbiz.de/10011456510
Behavioral robustness is essential in mechanism design. Existing papers focus on robustness as captured by dominant strategies. This paper studies the novel concept of externality-robustness, which addresses players' motives to affect other players' monetary payoffs. One example is externalities...
Persistent link: https://www.econbiz.de/10011471404
Behavioral robustness is essential in mechanism design. Existing papers focus on robustness as captured by dominant strategies. This paper studies the novel concept of externality-robustness, which addresses players' motives to affect other players' monetary payoffs. One example is externalities...
Persistent link: https://www.econbiz.de/10011389576