A "fractal" solution to the chopstick auction

Christian Ewerhart

This paper constructs a novel equilibrium in the chopstick auction of Szentes and Rosenthal (Games and Economic Behavior, 2003a, 2003b). In contrast to the existing solution, the identified equilibrium strategy allows a simple and intuitive characterization. Moreover, its best-response set has the same Hausdorff dimension as its support, which may be seen as a robustness property. The analysis also reveals some new links to the literature on Blotto games.

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Year of publication:	April 2017 ; Revised version
Authors:	Ewerhart, Christian
Publisher:	Zurich : University of Zurich, Department of Economics
Subject:	Chopstick auction \| Exposure problem \| Self-similarity \| Blotto games \| Auktionstheorie \| Auction theory \| Spieltheorie \| Game theory \| Experiment

Extent:	1 Online-Ressource (circa 24 Seiten) Illustrationen
Series:	Working paper series / University of Zurich, Department of Economics. - Zurich : [Verlag nicht ermittelbar], ISSN 1664-705X, ZDB-ID 2625625-3. - Vol. no. 229
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	10.5167/uzh-124625 [DOI] hdl:10419/162432 [Handle]
Classification:	C02 - Mathematical Methods ; C72 - Noncooperative Games ; D44 - Auctions
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011640552