Showing 91 - 100 of 302
Persistent link: https://www.econbiz.de/10003510667
We present a non-technical account of ambiguity in strategic games and show how it may be applied to economics and social sciences. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the effect of increasing (decreasing) equilibrium prices under...
Persistent link: https://www.econbiz.de/10003592769
Persistent link: https://www.econbiz.de/10003596149
Persistent link: https://www.econbiz.de/10003547765
Persistent link: https://www.econbiz.de/10003228745
Persistent link: https://www.econbiz.de/10003231105
In this paper we consider the effect of ambiguity on the private provision of public goods. Equilibrium is shown to exist and be unique. We examine how provision of the public good changes as the size of the population increases. We show that when there is uncertainty there may be less...
Persistent link: https://www.econbiz.de/10003246054
Persistent link: https://www.econbiz.de/10002929036
Persistent link: https://www.econbiz.de/10003038524
We report on an experiment in which subjects choose actions in strategic games with either strategic complements or substitutes against a granny, a game theorist or other subjects. The games are selected in order to test predictions on the comparative statics of equilibrium with respect to...
Persistent link: https://www.econbiz.de/10003383669