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Santos-Pinto, Luis; Pires, Tiago - In: Games 11 (2020) 4/44, pp. 1-19

We analyze the impact of overconfidence on the timing of entry in markets, profits, and welfare using an extension of … rational. We find that for slight levels of overconfidence and intermediate cost asymmetries, there is a unique cost …-dependent equilibrium where the overconfident player has a higher ex-ante probability of being the Stackelberg leader. Overconfidence lowers …

Persistent link: https://www.econbiz.de/10012432306

Contests with sequential entry and incomplete information

Deng, Shanglyu; Fu, Qiang; Wu, Zenan; Zhu, Yuxuan - In: Theoretical economics : TE ; an open access journal in … 19 (2024) 2, pp. 705-742

sequential entry. The contest consists of multiple periods. Players arrive and exert efforts sequentially to compete for a prize …

Persistent link: https://www.econbiz.de/10014576711

Endougenous Timing in a Mixed Duopoly

Amir, Rabah; De Feo, Giuseppe - 2012

This paper applies the framework of endogenous timing in games to mixed quantity duopoly, wherein a private domestic or foreign firm competes with a public, welfare maximizing firm. We show that simultaneous play never emerges as a subgame-perfect equilibrium of the extended game, in sharp...

Persistent link: https://www.econbiz.de/10010343823

The evolutionary stability of optimism, pessimism and complete ignorance

Schipper, Burkhard - 2005

We provide an evolutionary foundation to evidence that in some situations humans maintain optimistic or pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of the environment. Players in strategic games face Knightian uncertainty about opponents' actions and maximize...

Persistent link: https://www.econbiz.de/10010366542

Choosing roles under supply function competition

Delbono, Flavio; Lambertini, Luca - 2016

We investigate an extended game with observable delay under duopolistic competition in affine supply functions. Firms use the intercepts of supply functions as their strategic variables. Best replies are downward (upward) sloping if the common slope of supply functions is sufficiently low...

Persistent link: https://www.econbiz.de/10011705463

Endogenous move structure and voluntary provision of public goods: Theory and experiments

Nosenzo, Daniele; Sefton, Martin; Possajennikov, Alex - 2009

In this paper we examine voluntary contributions to a public good when the timing of contributions is endogenously determined by contributors, focusing on the simple quasi-linear setting with two players (Varian, 1994). We show that the move order that is predicted to emerge is sensitive to how...

Persistent link: https://www.econbiz.de/10010277464

Endogenous move structure and voluntary provision of public goods: Theory and experiment

Nosenzo, Daniele; Sefton, Martin - 2010

In this paper we examine voluntary contributions to a public good, embedding Varian (1994)'s voluntary contribution game in extended games that allow players to choose the timing of their contributions. We show that predicted outcomes are sensitive to the structure of the extended game, and also...

Persistent link: https://www.econbiz.de/10010277509

Strategic sequential voting

González-Díaz, Julio; Herold, Florian; Domínguez, Diego - 2016 - This version: July 27, 2016

In this paper, we study the potential implications of a novel yet natural voting system: strategic sequential voting. Each voter has one vote and can choose when to cast his vote. After each voting period, the current count of votes is publicized enabling subsequent voters to use this...

Persistent link: https://www.econbiz.de/10011514799

Strategic Investments with Competition Under Uncertainty in the ASEAN/AEC : A Game-Theoretic Real Options Analysis

Los, Cornelis A. - 2014

The Association of Southeast Asian Nations (ASEAN) intends to create the ASEAN Economic Community (AEC) as a single market, to be completed by 2020. The single market will boost the competition in both ASEAN's internal and external markets, which will spur innovation. Creative innovation will...

Persistent link: https://www.econbiz.de/10013061529

A comparison of endogenous and exogenous timing in a social learning experiment

Meub, Lukas; Proeger, Till; Hüning, Hendrik - 2013

This paper experimentally investigates social learning in a two-agent prediction game with both exogenous and endogenous ordering of decisions and a continuous action space. Given that individuals regularly fail to apply rational timing, we refrain from implementing optimal timing of decisions...

Persistent link: https://www.econbiz.de/10009779323