Showing 1 - 10 of 93
This paper provides an explicit characterization of correlations that are implicitly captured by partition models for incomplete information games. The main result of this paper shows that every partition model for incomplete information can be decomposed into the conjunctions of a unique...
Persistent link: https://www.econbiz.de/10011263604
Congestion games are multi-player games in which players' costs are additive over a set of resources that have anonymous cost functions, with pure strategies corresponding to certain subsets of resources. In a splittable congestion game, each player can choose a convex combination of subsets of...
Persistent link: https://www.econbiz.de/10011189742
We examine an infinite horizon model of quality growth for a durable goods monopoly. The seller may offer any bundle(s) of current and previous quality improvements (upgrades). Subgame perfect equilibrium seller payoffs range from capturing the full social surplus down to only the initial flow...
Persistent link: https://www.econbiz.de/10010665754
We study mechanism design problems in quasi-linear environments where the envelope theorem and revenue equivalence principle fail due to non-convex and non-differentiable valuations. We obtain a characterization of incentive compatibility based on the Mirrlees representation of the indirect...
Persistent link: https://www.econbiz.de/10010616896
In the present paper we consider the allocation of costs in connection networks. Agents have connection demands in form of pairs of locations they want to have connected. Connections between locations are costly to build. The problem is to allocate costs of networks satisfying all connection...
Persistent link: https://www.econbiz.de/10011263568
This paper analyzes the private provision of public goods where consumers interact within a fixed network structure and may benefit only from their direct neighbors' provisions. We present a proof of the existence and uniqueness of a Nash equilibrium for general networks and best-reply...
Persistent link: https://www.econbiz.de/10011263570
We consider a two-player Prisoner's Dilemma type game with continuous actions, where players choose how much to contribute to a public project. This game is played infinitely many times and actions are irreversible: players cannot decrease their actions over time. While it is strictly dominant...
Persistent link: https://www.econbiz.de/10011263573
This paper provides a flexible strategic framework to analyze bargaining and values in environments with coalitional externalities. Within this framework we propose a new value that extends the Shapley value to partition function form games, the so-called Rational Belief Shapley (RBS) value. We...
Persistent link: https://www.econbiz.de/10011263578
structures and network structures on contagion of a convention beyond 2×2 coordination games. First, we consider the “bilingual …
Persistent link: https://www.econbiz.de/10011263580
This paper considers general games in which multiple informed principals simultaneously compete to influence the decisions of a common agent. It shows that we can characterize all outcomes of any game in which principals delegate the final decisions to the agent using arbitrary mechanisms, by...
Persistent link: https://www.econbiz.de/10011263583