Consider a market where an informed monopolist sets the price for a good or asset with a value unknown to potential buyers. Upon observing the price, buyers may pay some cost for information about the value before deciding on purchases. To restrict buyer beliefs we generalize the idea of the...

A component of Nash equilibria is potentially stable if there exists an evolutionary selection dynamics from a broad class for which the component is asymptotically stable. Anecessary condition for potential stability is that the component's index agrees with its Euler characteristic. Second, if...

Suppose two parties have to share a surplus of random size.Each of the two can either commit to a demand prior to the realization of the surplus - as in the Nash demand game with noise - or remain silent and wait until the surplus was publicly observed.Adding the strategy to wait to the noisy...