Showing 1 - 10 of 39
This paper studies a strategic market game where agents fragment their bids on different markets. Simple conditions for existence of an interior equilibrium point are provided. In equilibrium, all agents are active on the same markets and prices are identical across markets, so that all...
Persistent link: https://www.econbiz.de/10005669218
Given a game and a dynamics on the space of strategies it is possible to associate to any component of Nash equilibria, an integer, this is the index, see Ritzberger (1994). This number gives useful information on the equilibrium set and in particular on its stability properties under the given...
Persistent link: https://www.econbiz.de/10005669226
The Nash equilibrium concept for strategic form games is based on the assumption of expected utility maximization. Reference dependant utility functions (in which utility is determined not only by an outcome, but also by the relationship of the outcome to a reference point) area better predictor...
Persistent link: https://www.econbiz.de/10005669265
In an example with two objects and four bidders, some of which have superadditive values, we characterize the equilibria of a simultaneous ascending auction and compare the revenue and efficiency generated with ones generated by the sequential , the one-shot simultaneous, and the...
Persistent link: https://www.econbiz.de/10005669266
Persistent link: https://www.econbiz.de/10005669270
Correlated equilibria and communication equilibria are useful notions to understand the strategic effects of information and communication. Between these two models, a protocol generates information through communication. We define a secure protocol as a protocol from which no individual may...
Persistent link: https://www.econbiz.de/10005669271
The authors develop a two-stage negotiation model to study the impact of costly inspections on both the coalition formation outcome and the per-member payoffs.
Persistent link: https://www.econbiz.de/10005669281
This paper provides a methodology to study coalition formation problems with externalities and heterogeneous players, whensome subset of the players can act as "coalition developers" over time. The framework provided here allows to explicitly predict the timing of admission to coalitions, the...
Persistent link: https://www.econbiz.de/10005669314
This paper deals with N-Person sequential bargaining games with complete information (perfect or almost perfect information). For N-person sequential bargaining games, uniqueness of the SPE has been obtained by allowing the players to exit with partial agreements.
Persistent link: https://www.econbiz.de/10005669346
The plea bargaining procedure, namely the viability of a stage of bargaining between prosecutor and defendant in criminal suits, is analyzed in the framework of a two-sided incomlete information game.
Persistent link: https://www.econbiz.de/10005779401