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M ≥ N + 1 battlefields, we identify a Bayes-Nash equilibrium in which the resource allocation to a given battlefield is …
Persistent link: https://www.econbiz.de/10012436059
Noting that a full characterization of Nash-implementation is given using a canonical-mechanism and Maskin's theorem (Maskin, 1999) is shown using a mechanism with Saijo's type of strategy space reduction (Saijo, 1988), this paper fully characterizes the class of Nash-implementable social choice...
Persistent link: https://www.econbiz.de/10014195916
Games with multiple Nash equilibria are believed to be easier to play if players can communicate. We present a simple model of communication in games and investigate the importance of when communication takes place. Sending a message before play captures talk about intentions, after play...
Persistent link: https://www.econbiz.de/10010200432
We explore in an equilibrium framework whether games with multiple Nash equilibria are easier to play when players can communicate. We consider two variants, modelling talk about future plans and talk about past actions. The language from which messages are chosen is endogenous, messages are...
Persistent link: https://www.econbiz.de/10011345781
Bayes-Nash equilibrium in which any agent's resource allocation to a given battlefield is strictly monotone in the agent …
Persistent link: https://www.econbiz.de/10012859339
-Nash equilibrium in which any agent's resource allocation to a given battlefield is strictly monotone in the agent's valuation of that …
Persistent link: https://www.econbiz.de/10012123363
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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
allocation rule: if a bidder wins the good, then he revises his expectation of its value downward.We further show that the posted …
Persistent link: https://www.econbiz.de/10011948704