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point of deviation from the equilibrium, must be within of a best E response. This concept implies, but is stronger than …, Radner's ex ante perfect E-equilibrium. A strategy profile is a contemporaneous perfect E-equilibrium of a game if it is a … subgame perfect equilibrium in a perturbed game with nearly the same payoffs, with the converse holding for pure equilibria …
Persistent link: https://www.econbiz.de/10014075805
of deviation from the equilibrium, must be within of a best response. This concept implies, but is not implied by Radner …'s ex ante perfect equilibrium. A strategy profile is a contemporaneous perfect equilibrium of a game if it is a subgame … perfect equilibrium in a game achieved by perturbing payoffs by at most e/2, with the converse holding for pure equilibria …
Persistent link: https://www.econbiz.de/10014118720
We examine an Outside Option Game in which player I submits a claim for a share of a cake while player II simultaneously either makes a claim or chooses to opt out. If player II opts out, then she receives an opt-out payment while player I receives nothing. If player II opts in and if the claims...
Persistent link: https://www.econbiz.de/10010291005
We examine an Outside Option Game in which player I submits a claim for a share of a cake while player II simultaneously either makes a claim or chooses to opt out. If player II opts out, then she receives an opt-out payment while player I receives nothing. If player II opts in and if the claims...
Persistent link: https://www.econbiz.de/10004968320
We examine an Outside Option Game in which player I submits a claim for a share of a cake while player II simultaneously either makes a claim or chooses to opt out. If player II opts out, then she receives an opt-out payment while player I receives nothing. If player II opts in and if the claims...
Persistent link: https://www.econbiz.de/10005704204
, infinite- horizon bargaining game. The MESS concept modifies the idea of an neutrally stable strategy by favoring a simple … practice of counting states in automata. If strategy A is a MESS, then the use of A by both play- ers is a Nash equilibrium in … shares received by the two players in the unique subgame-perfect equilibrium of Rubinstein's game. As the probability of a …
Persistent link: https://www.econbiz.de/10005636443
-offers, infinite-horizon bargaining game. The mess concept modifies the idea of a neutrally stable strategy by favoring a simple … the surplus is then bounded between the shares received by the two players in the unique subgame-perfect equilibrium of … bounds collapse on the subgame-perfect equilibrium. These results continue to hold when offers must be made in multiples of a …
Persistent link: https://www.econbiz.de/10005636458
-out payments. -- bargaining ; coase conjecture ; evolutionary games ; drift …
Persistent link: https://www.econbiz.de/10009693904
This paper presents simple su±cient conditions under which optimal bunches inadverse-selection principal-agent problems can be characterized without using optimal controltheory.
Persistent link: https://www.econbiz.de/10009025022
This paper, prepared for the Handbook of Game Theory, volume 4 (Peyton Young and Shmuel Zamir, editors, Elsevier Press), surveys work on reputations in repeated games of incomplete information.
Persistent link: https://www.econbiz.de/10010685964