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Baye, Michael R.; Kovenock, Dan; de Vries, Casper G. - 2009

-order contests with complete information, in which each player's strategy generates direct or indirect affine spillover effects that … economic environments, as well as in classic contests adapted to recent experimental and behavioral models where individuals …&D races, models of ligitation, and a host of other contests. …

Persistent link: https://www.econbiz.de/10010325768

The Unique-lowest Sealed-bid Auction

Houba, Harold; van der Laan, Dinard; Veldhuizen, Dirk - 2008

Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two-bidders' auction is similar to the Hawk-Dove game, which...

Persistent link: https://www.econbiz.de/10010325775

Market Power in Water Markets

Ansink, Erik; Houba, Harold - 2014

Water markets with market power are analysed as multi-market Cournot competition in which the river structure constrains access to local markets and limited resources impose capacity constraints. Conditions for uniqueness are identified. Lerner indices are larger under binding resource...

Persistent link: https://www.econbiz.de/10014194624

Stochastic Orders of Proposing Players in Bargaining

Houba, Harold - 2005

The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is strategically equivalent to the alternating offers model. For all parameter values, the pair of equilibrium proposals corresponds to the Nash bargaining solution of a modified...

Persistent link: https://www.econbiz.de/10010325478

Alternating Offers in Economic Environments

Houba, Harold - 2005

The Nash bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary subgame perfect equilibrium proposals in the alternating offers model, also for positive time between proposals. As time vanishes, convergence to the Nash bargaining solution is...

Persistent link: https://www.econbiz.de/10010325509

Extreme Equilibria in a General Negotiation Model

Houba, Harold; Wen, Quan - 2007

We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set of its subgame perfect equilibrium payoffs, we provide a recursive technique that relies on the Pareto frontier of equilibrium payoffs. When players have different time...

Persistent link: https://www.econbiz.de/10010325535

Preopening and Equilibrium Selection

Calcagno, Riccardo; Lovo, Stefano - 2010

We introduce a form of pre-play communication that we call preopening. During the preopening, players announce their tentative actions to be played in the underlying game. Announcements are made using a posting system which is subject to stochastic failures. Posted actions are publicly...

Persistent link: https://www.econbiz.de/10010326012

Market Power in Water Markets

Ansink, Erik; Houba, Harold - 2010

Persistent link: https://www.econbiz.de/10010326027

The impact of middle outcomes on lottery valuations

Kontek, Krzysztof; Birnbaum, Michael H. - In: Journal of behavioral and experimental economics 78 (2019), pp. 30-44

Persistent link: https://www.econbiz.de/10012240245

Inconsistent choices over prospect theory lottery games : evidence from field experiments

Aveiga-Villacis, Alexis - In: Journal of behavioral and experimental economics 103 (2023), pp. 1-11

Persistent link: https://www.econbiz.de/10014304016

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