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The Hawk-Dove game is one of the salient models used to study a wide range of questions in the industrial organization literature. Hawk-Dove games have multiplicity of equilibria, and it is not possible to disentangle with equilibrium will emerge in the game complicating the subsequent policy...
Persistent link: https://www.econbiz.de/10014076405
In Hawk-Dove games with mulitiplicity of equilibria, we study which equilibria are selected using various equilibrium selection methods. Using a uniform price auction as an illustrative example, we apply the tracing procedure method of Harsanyi and Selten (1988), the robustness to strategic...
Persistent link: https://www.econbiz.de/10014030519