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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
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
experimental design extends the basic Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by …
Persistent link: https://www.econbiz.de/10010267578
experimental design extends the Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by allowing …
Persistent link: https://www.econbiz.de/10010312556
experimental design extends the basic Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by …
Persistent link: https://www.econbiz.de/10003115141
experimental design extends the Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by allowing …
Persistent link: https://www.econbiz.de/10013318256
Intuitively, we expect that players who are allowed to engage in costless communication before playing a game would be foolish to agree on an inefficient equilibrium. At the same time, however, such preplay communication has been suggested as a rationale for expecting Nash equilibrium in...
Persistent link: https://www.econbiz.de/10009511713
whenever possible, thereby develop a theory of credible communication. Predictions confirm the longstanding intuition for …
Persistent link: https://www.econbiz.de/10011345781
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
This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication in persuasion games, i.e., games with an informed expert and an uninformed decisionmaker in which the expert's information is certifiable. The first equilibrium...
Persistent link: https://www.econbiz.de/10012778541