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We consider non-cooperative environments in which two players have the power to commit but cannot sign binding agreements. We show that by committing to a set of actions rather than to a single action, players can implement a wide range of action profiles. We give a complete characterization of...
Persistent link: https://www.econbiz.de/10005385463
Persistent link: https://www.econbiz.de/10005153856
This short paper isolates a non-trivial class of games for which there exists a monotone relation between the size of pure strategy spaces and the number of pure Nash equilibria (Theorem). This class is that of two-player nice games, i.e., games with compact real intervals as strategy spaces and...
Persistent link: https://www.econbiz.de/10008520865
We consider non-cooperative environments in which two players have the power to gradually and unilaterally rule out some of their actions. Formally, we embed a strategic-form game into a multi-stage game, in which players can restrict their action spaces in all but the final stage, and select...
Persistent link: https://www.econbiz.de/10005005889
This short paper isolates a non-trivial class of games for which there exists a monotone relation between the size of pure strategy spaces and the number of pure Nash equilibria (Theorem). This class is that of two- player nice games, i.e., games with compact real intervals as strategy spaces...
Persistent link: https://www.econbiz.de/10005062326
We consider non-cooperative environments in which two players have the power to commit but cannot sign binding agreements. We show that by committing to a set of actions rather than to a single action, players can implement a wide range of action profiles. We give a complete characterization of...
Persistent link: https://www.econbiz.de/10005464127
We consider non-cooperative environments in which two players have the power to commit but cannot sign binding agreements. We show that by committing to a set of actions rather than to a single action, players can implement a wide range of action profiles. We give a complete characterization of...
Persistent link: https://www.econbiz.de/10005561942
Papai’s <CitationRef CitationID="CR9">2000</CitationRef> hierarchical exchange mechanisms for house allocation problems determine matchings as the outcome of multiple rounds of trading cycles. Any hierarchical exchange mechanism can be defined through a structure of ownership, which determines the ownership of houses after any round of...</citationref>
Persistent link: https://www.econbiz.de/10010998900
The paper introduces the assumption of costly information acquisition to the theory of mechanism design for matching allocation problems. It is shown that the assumption of endogenous information acquisition greatly changes some of the cherished results in that theory: in particular, the...
Persistent link: https://www.econbiz.de/10010957291
This paper investigates Nash equilibrium under the possibility that preferences may be incomplete. I characterize the Nash-equilibrium-set of such a game as the union of the Nash-equilibrium-sets of certain derived games with complete preferences. These games with complete preferences can be...
Persistent link: https://www.econbiz.de/10005370658