Showing 1 - 10 of 270
We analyze information design games between two designers with opposite preferences and a single agent. Before the agent makes a decision, designers repeatedly disclose public information about persistent state parameters. Disclosure continues until no designer wishes to reveal further...
Persistent link: https://www.econbiz.de/10013273785
induction or by calling for preferences that induce equilibria consistent with observed behavior. By manipulating the way in …
Persistent link: https://www.econbiz.de/10010291805
We show that concealing cost information is a dominant strategy in heterogeneous Bertrand oligopolies. This result enables us to endogenize the number of firms in a market in terms of market size, entry costs, and unit cost uncertainty.
Persistent link: https://www.econbiz.de/10010305054
This paper further develops the standard modelling of information exchange between firms in the presence of demand uncertainty which applies to firms in new industries and insecure regions or markets. We replace the normal distribution of the random variables, commonly used because of its...
Persistent link: https://www.econbiz.de/10010305097
Two individuals are involved in a conflict situation in which preferences are ex ante uncertain. While they eventually learn their own preferences, they have to pay a small cost if they want to learn their opponent's preferences. We show that, for sufficiently small positive costs of information...
Persistent link: https://www.econbiz.de/10011412685
signals. We find that for generic signal distributions, the folk theorem obtains using ex-post equilibria. In our equilibria …
Persistent link: https://www.econbiz.de/10012065313
I prove an efficiency result for repeated games with imperfect public monitoring in which one player's utility is privately known and evolves according to a Markov process. Under certain assumptions, patient players can attain approximately efficient payoffs in equilibrium. The public signal...
Persistent link: https://www.econbiz.de/10011744031
information in repeated games. We show that dynamically robust equilibria can be characterized using a one-shot robustness … affect the sustainability of cooperation. We also show that a folk theorem in dynamically robust equilibria holds, but …
Persistent link: https://www.econbiz.de/10011695089
case, the prediction boils down to pure Nash equilibria, pure ex-post equilibria or pure minimax regret equilibria. These …
Persistent link: https://www.econbiz.de/10008688967
induction or by calling for preferences that induce equilibria consistent with observed behavior. By manipulating the way in …
Persistent link: https://www.econbiz.de/10009621831