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, infinite- horizon bargaining game. The MESS concept modifies the idea of an neutrally stable strategy by favoring a simple …
Persistent link: https://www.econbiz.de/10005636443
the context of a reputational model of bargaining, we show that evolutionary stability necessitates the presence of …
Persistent link: https://www.econbiz.de/10005550888
We here develop a model of pre-play communication that generalizes the cheap-talk approach by allowing players to have a lexicographic preference, second to the payoffs in the underlying game, for honesty. We formalize this by way of an honesty (or truth) correspondence between actions and...
Persistent link: https://www.econbiz.de/10010281162
We study a simple evolutionary bargaining game and show that the efficiency of bargaining behavior can depend crucially …
Persistent link: https://www.econbiz.de/10005424109
Persistent link: https://www.econbiz.de/10005001478
We here develop a model of pre-play communication that generalizes the cheap-talk approach by allowing players to have a lexicographic preference, second to the payoffs in the underlying game, for honesty. We formalize this by way of an honesty (or truth) correspondence between actions and...
Persistent link: https://www.econbiz.de/10005649475
The aim of this article is to distinguish between strategies in the Iterated Prisoner’s Dilemma on the basis of their relative performance in a given population set. We first define a natural order on such strategies that disregards isolated disturbances, by using the limit of...
Persistent link: https://www.econbiz.de/10011136117
Persistent link: https://www.econbiz.de/10015191158
Motivated by trying to better understand the norms that govern pedestrian traffic, I study symmetric two-player coordination games with independent private values. The strategies of "always pass on the left" and "always pass on the right" are always equilibria of this game. Some such games,...
Persistent link: https://www.econbiz.de/10010239911
This paper considers evolutionarily stable decisions about whether to initiate violent conflict rather than accepting a peaceful sharing outcome. Focusing on small sets of players such as countries in a geographically confined area, we use Schaffer's (1988) concept of evolutionary stability. We...
Persistent link: https://www.econbiz.de/10010198498