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We use a two-issue bargaining model with asymmetric information to study agent choice of how to structure bargaining. We uncover the settings in which different agenda structures are chosen in equilibrium, how the order in which issues are bargained over matters, and what impact the rules for...
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predicted. This contrasts with previous results in certification theory stating that monopolistic certifiers disclose a minimum …
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This paper studies an information hierarchy among players in a competitive context. The hierarchy specifies a player's observation of her opponents' types, which measure their competitiveness: the higher the player is ranked in the hierarchy, the more types she observes. The players then decide...
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Conditions of information independence are important in information economics and game theory. We present notions of … partial independence in Bayesian environments, and study their relationships to notions of common knowledge. -- Bayesian games …
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This paper presents a complete, choice-based, axiomatic Bayesian decision theory. It introduces a new choice set … decision maker's prior and posterior beliefs. -- Bayesian decision making ; subjective probabilities ; prior distributions …
Persistent link: https://www.econbiz.de/10003836596