Showing 1 - 10 of 1,454
We provide several generalizations of the various equilibrium existence results in Reny (1999), Barelli and Meneghel (2013), and McLennan, Monteiro, and Tourky (2011). We also provide an example demonstrating that a natural additional generalization is not possible. All of the theorems yielding...
Persistent link: https://www.econbiz.de/10013076645
Feng and Sabarwal (2018) show that there is additional scope to study strategic complements in extensive form games, by investigating in detail the case of two stage, 2x2 games. We show the same for two stage, 2x2 games with strategic substitutes and with strategic heterogeneity. We characterize...
Persistent link: https://www.econbiz.de/10012894145
This paper studies models where the optimal response functions under consideration are non-increasing in endogenous variables, and weakly increasing in exogenous parameters. Such models include games with strategic substitutes, and include cases where additionally, some variables may be...
Persistent link: https://www.econbiz.de/10012824357
In this survey article, we report results on the existence of pure-strategy Nash equilibria in games with an atomless continuum of players, each with an action set that is not necessarily finite. We also discuss purification and symmetrization of mixed-strategy Nash equilibria, and settings in...
Persistent link: https://www.econbiz.de/10014024499
This paper studies a model for cooperative congestion games. There is an array of cooperative games V and a player’s strategy is to choose a subset of the set V. The player gets a certain payoff from each chosen game. The paper demonstrates that if a payoff is the Shapley or the Banzhaf value,...
Persistent link: https://www.econbiz.de/10013231149
Previous research has shown that individuals do not respond to changes in their bargaining position to the extent predicted by standard bargaining theories. Most of these results come from experiments with bargaining power allocated exogenously, so that individualsmay perceive it as having been...
Persistent link: https://www.econbiz.de/10009562233
This paper studies theoretically and experimentally how the possibility of a negative payoff to one player in 2-by-2 hawk-dove games affects the strategic behavior of both players. Exposing column players to a possibility of negative payoff allows us to examine if row players can anticipate the...
Persistent link: https://www.econbiz.de/10013301539
We report some experiments conducted to test whether ambiguity influences behavior in a coordination game. We study the behavior of subjects in the presence of ambiguity and attempt to determine whether they prefer to choose an ambiguity safe option. We find that this strategy, which is not...
Persistent link: https://www.econbiz.de/10014169291
This paper proposes that the ambiguity reflected by a set of priors remains unchanged when the set is translated within the probability simplex, i.e. ambiguity is location invariant. This unifies and generalises numerous influential definitions of ambiguity in the literature. Location invariance...
Persistent link: https://www.econbiz.de/10015070507
Strategic complements are well understood for normal form games, but less so for extensive form games. There is some evidence that extensive form games with strategic complementarities are a very restrictive class of games (Echenique (2004)). We study necessary and sufficient conditions for...
Persistent link: https://www.econbiz.de/10012850349