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We show that the playing sequence-the order in which players update their actions-is a crucial determinant of whether the best-response dynamic converges to a Nash equilibrium. Specifically, we analyze the probability that the best-response dynamic converges to a pure Nash equilibrium in random...
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Buyers often procure multiple goods and services from the same supplier. Accordingly, business exchanged in one setting may affect exchanges between the buyer and supplier other settings. We study how business procured via business-to-business (B2B) auctions is affected by business exchanged...
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