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In this paper, we show that pure strategy Nash Equilibria in Prime Game and Expansive Game can be linked through an invertible mapping, with which the pure strategy Nash Equilibrium in Prime Game can be easily derived from Expansive Game. Our results provide a tool to solve pure strategy Nash...
Persistent link: https://www.econbiz.de/10013289274
We generalize Klumpp, Konrad and Solomon’s model (KKS Model) to multi-contestant sequential Colonel Blotto Games with prize functions where any contestant’s prizes only depend on this contestant’s own number of winning rounds. We show that with weakly monotonic prize functions and CSFs...
Persistent link: https://www.econbiz.de/10013290833
We consider a large class of 2-contestant Colonel Blotto games, for which the budget and valuation are both asymmetric between players and the contest success functions are in Tullock form with battle-specific discriminatory power in (0, 1] and battle-and-contestant-specific lobbying...
Persistent link: https://www.econbiz.de/10013322722
In this paper, we fully characterize the Nash Equilibrium in the winner-take-all Bertrand Game, showing that a mixed strategy profile is a Nash Equilibrium, if and only if it is a zero operating profit one, and there exist at least two players whose bids are all unprofitable. Compared with...
Persistent link: https://www.econbiz.de/10014080623
We consider a large class of 2-contestant Colonel Blotto games, for which the budget and valuation are both asymmetric between players and the contest success functions are in Tullock form with battle-specific discriminatory power in (0, 1] and battle-and-contestant-specific lobbying...
Persistent link: https://www.econbiz.de/10013295350
We propose a hide-and-seek game based on compact convex sets in Euclidean space. We show that when the seeker and the hider have a common territory, there exists no pure strategy Nash equilibrium, and the mixed strategy Nash equilibrium of the game are categorized into two types according to the...
Persistent link: https://www.econbiz.de/10013307780
In this paper, we study a large class of multi-contestant multi-battle resource allocation contests, where contestants can be asymmetric in terms of both resource budgets and battle valuations, battles can be heterogeneous in terms of both contest success functions and battle valuations, and the...
Persistent link: https://www.econbiz.de/10013307781
Persistent link: https://www.econbiz.de/10014230193
The choice of payment terms has increasingly become more important in determining the success of exporting transactions. While exporters often use Open Account (OA) terms to secure international contracts and to expand export levels, these terms in turn make them face more non-payment risks. In...
Persistent link: https://www.econbiz.de/10009733170
Persistent link: https://www.econbiz.de/10009486114