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I study identification of games of incomplete information, both static and dynamic, when there are multiple equilibria in the data. In the case of static games, I show that if multiplicity disappears at a small subset of the support of the observables, payoffs are identified. All the equilibria...
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In this paper, we examine the optimal mechanism design of selling an indivisible object to one regular buyer and one publicly known buyer, where inter-buyer resale cannot be prohibited. The resale market is modeled as a stochastic ultimatum bargaining game between the two buyers. We fully...
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focus on a strategy we call quot;Balanced Biddingquot; (BB). If all players use the BB strategy, we show that bids converge …
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focus on a strategy we call Balanced Bidding (bb). If all players use the bb strategy, we show that bids converge to a bid …
Persistent link: https://www.econbiz.de/10012750270
focus on a strategy we call Balanced Bidding (bb). If all players use the bb strategy, we show that bids converge to a bid …
Persistent link: https://www.econbiz.de/10012464858