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Stockwell, Auld, Zhao, and Martin (2012) claim that minimum alcohol prices had a signi cant impact on total alcohol consumption in British Columbia, Canada. To show this they perform a regression with the log of total alcohol consumption as the dependent variable and the log of the average of...
Persistent link: https://www.econbiz.de/10013080920
An equilibrium is communication-proof if it is unaffected by new opportunities to communicate and renegotiate. We characterize the set of equilibria of coordination games with pre-play communication in which players have private preferences over the feasible coordinated outcomes....
Persistent link: https://www.econbiz.de/10013210917
We study the evolution of preferences under perfect and almost perfect observability in symmetric 2-player games. We demonstrate that if nature can choose from a sufficiently general preference space, i.e. preferences over outcomes that may depend on the opponent's preference-type, then, in most...
Persistent link: https://www.econbiz.de/10014220668
A stochastic myopic best-reply dynamics is said to have property (W), for a given number of players $n$, if every pure weakly dominated strategy in every $n$-player game is eliminated in the long-run distribution of play induced by the dynamics. In this paper I give a necessary and sufficient...
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A decision maker (DM) makes choices from different sets of alternatives. The DM is initially fully ignorant of the payoff associated to each alternative, and learns these payoffs only after a large number of choices have been made. We show that, in the presence of an outside option once payoffs...
Persistent link: https://www.econbiz.de/10013015438
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