Showing 1 - 7 of 7
We provide a new sufficient condition for the robustness of sets of equilibria to incomplete information in the sense …
Persistent link: https://www.econbiz.de/10010743795
robustness. We revisit recent advancements of Bayesian game theory and develop new insights based on our framework. …
Persistent link: https://www.econbiz.de/10010662402
absence of uncertainty. The concern for robustness leads the seller to concede a larger information rent to all buyers with …
Persistent link: https://www.econbiz.de/10010572393
This paper examines many-player many-action global games with multidimensional state parameters. It establishes that the notion of noise-independent selection introduced by Frankel, Morris and Pauzner [D. Frankel, S. Morris, A. Pauzner, Equilibrium selection in global games with strategic...
Persistent link: https://www.econbiz.de/10010719005
Players coordinate continuation play in repeated games with public monitoring. We investigate the robustness of such … robustness is sensitive to whether we allow for uninterpretable signals. …
Persistent link: https://www.econbiz.de/10011043043
A repeated game with private monitoring is “close” to a repeated game with public monitoring (or perfect monitoring) when (i) the expected payoff structures are close and (ii) the informational structures are close in the sense that private signals in the private monitoring game can be...
Persistent link: https://www.econbiz.de/10011043051
The size distributions of many economic variables seem to obey the double power law, that is, the power law holds in both the upper and the lower tails. I explain this emergence of the double power law—which has important economic, econometric, and social implications—using a tractable...
Persistent link: https://www.econbiz.de/10011076673