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Two auction mechanisms are studied in which players compete with one another for an exogenously determined prize by independently submitting integer bids in some discrete and commonly known strategy space specified by the auctioneer. In the unique lowest (highest) bid auction game, the winner of...
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Two types of auction were introduced on the Internet a few years ago and have rapidly been gaining widespread popularity. In both auctions, players compete for an exogenously determined prize by independently choosing an integer in some finite and common strategy space specified by the...
Persistent link: https://www.econbiz.de/10005619420
Volunteer's dilemmas that evolve over time are presented and modeled as noncooperative n-person games in extensive form with symmetric players, discrete time, finite horizon, and complete information. Volunteering is costly, thereby giving rise to free riding. Reflecting on the observation that...
Persistent link: https://www.econbiz.de/10010801325
Vickrey's seminal analysis of urban traffic congestion assumes a continuum of commuters acting selfishly and a continuous strategy space. We propose a discrete version of his model that assumes a finite number of commuters and a discrete strategy space. We then present an algorithm for...
Persistent link: https://www.econbiz.de/10005228235
We study batch queueing systems with continuous time, finite commuter populations, single server, and endogenously determined arrival times. Symmetric equilibrium solutions in mixed strategies are constructed and subsequently tested in two experiments that examine two different batch queueing...
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We study both theoretically and experimentally the decisions players make in two queueing games with batch service. In both games, players are asked to independently decide when to join a discrete-time queue to receive service, or they may simply choose not to join it at all. Equilibrium...
Persistent link: https://www.econbiz.de/10005062725