In the Nash Demand Game each of two players announces the share he demands of an amount of money that may be split between them. If the demands can be satisfied, they are; otherwise, neither player receives any money. This game has many pure-strategy Nash equilibria. This note characterizes...

Informationally Robust Equilibria (IRE) are introduced in Robson (1994) as a refinement of Nash equilibria for e.g. bimatrix games, i.e. mixed extensions of two person finite games. Similar to the concept of perfect equilibria, basically the idea is that an IRE is a limit of some sequence of...

Is civil and criminal litigation a search for truth, like science or philosophy, or a game of skill and luck, like the game of poker? Although the process of litigation has been modeled as a Prisoner’s Dilemma, as a War of Attrition, as a Game of Chicken, and even as a simple coin toss, no one...

This paper presents a new cooperative equilibrium for strategic form games, denoted Conjectural Cooperative Equilibrium (CCE). This concept is based on the expectation that joint deviations from any strategy profile are followed by an optimal and noncooperative reaction of non deviators. We show...

This paper considers the solutions of cooperative games with a fixed player set that admit a potential function. We say that a solution admits a potential function if the solution is given as the marginal contribution according to the potential function. Hart and Mas-Collel (1989) show that the...

The main objects here are Nash equilibria in spatial Cournot oligopolies when profits depend on coordinated distribution. Production is non-cooperative, but the subsequent transportation must be performed jointly to minimize costs. Cournot-Nash equilibria for this two-stage game with partial...

When people coordinate in one-shot, pure coordination games they rely on existing concepts of salience. In an experiment with pure coordination games, concepts of salience emerged when players were given a set of different but related coordination problems with randomly generated labels. The...

Just how “supreme” is the Supreme Court? By most accounts, the Supreme Court sits atop of the nation’s judicial hierarchy and—at least among judges—has the last word on what the law means. Yet this conventional wisdom overlooks something important: The Supreme Court’s ability to...