Showing 1 - 10 of 18,983
This paper studies a game of strategic experimentation in which the players have access to two-armed bandits where the risky arm distributes lumpsum payoffs according to a Poisson process with unknown intensity. Because of free-riding, there is an inefficiently low level of experimentation in...
Persistent link: https://www.econbiz.de/10011410236
This paper studies a game of strategic experimentation with two-armed bandits whose risky arm might yield a payoff only after some exponentially distributed random time. Because of free-riding, there is an inefficiently low level of experimentation in any equilibrium where the players use...
Persistent link: https://www.econbiz.de/10010440933
Persistent link: https://www.econbiz.de/10010528400
Complementary to the axiomatic and mechanism design studies on queueing problems, this paper proposes a strategic bargaining approach to resolve queueing conflicts. Given a situation where players with different waiting costs have to form a queue in order to be served, they firstly compete with...
Persistent link: https://www.econbiz.de/10010238945
Persistent link: https://www.econbiz.de/10011455589
Persistent link: https://www.econbiz.de/10010407841
Persistent link: https://www.econbiz.de/10011386366
Persistent link: https://www.econbiz.de/10013041321
Persistent link: https://www.econbiz.de/10012591647
Persistent link: https://www.econbiz.de/10011714281