We compare voluntary and compulsory voting in a Condorcet-type model in which voters have identical preferences but differential information. With voluntary voting, all equilibria involve sincere voting and positive participation. Thus, in contrast to situations with compulsory voting, there is...

We study the war of attrition and the all-pay auction when players' signals are affiliated and symmetrically distributed. We (a) find sufficient conditions for the existence of symmetric monotonic equilibrium bidding strategies; and (b) examine the performance of these auction forms in terms of...

We present a synthesis of various folk theorems for repeated games.

We study a model in which two perfectly informed experts offer advice to a decision maker whose actions affect the welfare of all. Experts are biased and thus may wish to pull the decision maker in different directions and to different degrees. When the decision maker consults only a single...

We study the continuous time Brown-Robinson fictitious play process f or non-zero sum games. We show that, in general, fictitious play cannot converg e cyclically to a mixed strategy equilibrium in which both players use more tha n two pure strategies.