Showing 1 - 10 of 2,170
We consider a variant of the Tullock rent-seeking contest. Under symmetric information we determine equilibrium … the distribution costs are drawn from and on the exact specification of the contest success function. …
Persistent link: https://www.econbiz.de/10003950459
We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.
Persistent link: https://www.econbiz.de/10008822063
Persistent link: https://www.econbiz.de/10010388710
We study the possibility of peace when two countries fight a war over the ownership of a resource. War is always the outcome of the game played by rational countries - under complete or asymmetric information - when there is no pre-established distribution of the resource among countries. When...
Persistent link: https://www.econbiz.de/10013091489
In this paper, we propose and analyze a distributed negotiation strategy for a multi-agent multi-attribute negotiation in which the agents have no information about the utility functions of other agents. We analytically prove that, if the zone of agreement is non-empty and the agents concede up...
Persistent link: https://www.econbiz.de/10012903886
We study all-pay auctions where each player observes her private value as well as a noisy private signal about the opponent’s value, following Fang and Morris’s (J Econ Theory 126(1):1–30, 2006) analysis of winner-pay auctions with multidimensional private signals. A unique symmetric...
Persistent link: https://www.econbiz.de/10013235168
Mediator proposals can accelerate agreement and increase welfare even if the mediator is entirely uninformed. We demonstrate this by adding random mediation to the Cramton (1992) bargaining model. Mediation increases welfare by pooling types, which reduces signaling costs. When mediation is...
Persistent link: https://www.econbiz.de/10013240900
-pay contests. Provided that the contest is uniformly asymmetric, full revelation is the unique perfect Bayesian equilibrium outcome … favorite will try to discourage the underdog─so that the contest unravels. Self-disclosure is optimal even though a weak …
Persistent link: https://www.econbiz.de/10013251018
-pay contests. Provided that the contest is uniformly asymmetric, full revelation is the unique perfect Bayesian equilibrium outcome … favorite will try to discourage the underdog - so that the contest unravels. Self-disclosure is optimal even though a weak …
Persistent link: https://www.econbiz.de/10012420336
With the changing economic circumstances confronting their countries, regionally concentrated minorities have been facing a strategic problem, important aspects of which can be stylized as a situation in which a minority leader is uncertain about the costs of secession for her community. This...
Persistent link: https://www.econbiz.de/10008699712