In the Seel–Strack contest (J Econ Theory 148(5):2033–2048, <CitationRef CitationID="CR11">2013</CitationRef>), <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$n$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mi>n</mi> </math> </EquationSource> </InlineEquation> agents each privately observe an independent copy of a drifting Brownian motion which starts above zero and is absorbed at zero. Each agent chooses when to stop the process she observes, and the winner of the...</equationsource></equationsource></inlineequation></citationref>

<Para ID="Par1">This paper explores, in a multiperiod setting, the funding liquidity of a borrower that finances its operations through short-term debt. The short-term debt is provided by a continuum of creditors with heterogeneous beliefs about the prospects of the borrower. In each period, creditors observe...</para>

This paper analyzes factors that affect candidates’ position-taking incentives in multi-candidate and multi-party elections. Following Cox (1990), we define centrifugal incentives as those that motivate vote-seeking candidates to take more extreme positions relative to the center of the...

This article applies an earlier analysis of interdependent security issues to a general class of problems involving discrete interdependent exposure to terrorist risks. Any agent’s incentive to adopt risk-reducing measures depends on the actions of others because of the negative...

The author develops a new game-theoretic approach, anchored not in Boolean two-valued logic but instead in linguistic fuzzy logic. The latter is characterized by two key features. First, the truth values of logical propositions span a set of linguistic terms such as true, very true, almost...

This article uses the model proposed by Chiappori, Levitt, and Groseclose to test for mixed-strategy Nash equilibria in a game between a kicker and a goalkeeper in the situation of a penalty kick in soccer. The main contribution of this article is to develop an alternative testing methodology on...

In this paper we consider open-loop Nash equilibria of the linear-quadratic differential game.As well the finite-planning-horizon, the infinite-planning horizon as convergence properties of the finite-planning-horizon equilibrium if the planning horizon is extended to infinity are...