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We experimentally investigate behavior and reasoning in various competitive resource allocation games with large strategy spaces. In the experiment, a team of two players plays as one entity against other teams. Team members communicate with one another before choosing a strategy. We analyze...
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The paper studies when efficient allocations are implementable via coalition-proof mechanisms. When ambiguous mechanisms are allowed and agents are maxmin expected utility maximizers, we prove that all efficient allocations are implementable via interim coalition incentive compatible mechanisms...
Persistent link: https://www.econbiz.de/10013242607
Every mixed strategy equilibrium is outcome equivalent to a monotone pure strategy equilibrium in asymmetric first-price auctions in which n bidders have affiliated, one-dimensional, atomless types and interdependent values
Persistent link: https://www.econbiz.de/10014033548
In contexts in which players have no priors, we analyze a learning process based on ex-post regret as a guide to understand how to play games of incomplete information under private values. The conclusions depend on whether players interact within a fixed set (fixed matching) or they are...
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In contexts in which players have no priors, we analyze a learning process based on ex-post regret as a guide to understand how to play games of incomplete information under private values. The conclusions depend on whether players interact within a fixed set (fixed matching) or they are...
Persistent link: https://www.econbiz.de/10008688967
Persistent link: https://www.econbiz.de/10009545960