Search Results - subject:"Timing games"

On the existence of approximate equilibria and sharing rule solutions in discontinuous games

Bich, Philippe; Laraki, Rida - In: Theoretical Economics 12 (2017) 1, pp. 79-108

This paper studies the existence of equilibrium solution concepts in a large class of economic models with discontinuous payoff functions. The issue is well understood for Nash equilibria, thanks to Reny's better-reply security condition ( Reny 1999) and its recent improvements (Barelli and...

Persistent link: https://www.econbiz.de/10012010064

Some like it free : innovators' strategic use of disclosure to slow down competition

Pacheco de Almeida, Goncalo; Zemsky, Peter - 2017

Why do some innovators freely reveal their intellectual property? This empirical puzzle has been a focal point of debate in the R&D literature. We show that innovators may share proprietary technology with rivals for free - even if it does not directly benefit them - to slow down competition. By...

Persistent link: https://www.econbiz.de/10011866633

On the existence of approximate equilibria and sharing rule solutions in discontinuous games

Bich, Philippe; Laraki, Rida - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 1, pp. 79-108

This paper studies the existence of equilibrium solution concepts in a large class of economic models with discontinuous payoff functions. The issue is well understood for Nash equilibria, thanks to Reny’s better-reply security con- dition ( Reny 1999) and its recent improvements (Barelli and...

Persistent link: https://www.econbiz.de/10011704653

Symmetric equilibria in stochastic timing games

Steg, Jan-Henrik - 2015

We construct subgame-perfect equilibria with mixed strategies for symmetric stochastic timing games with arbitrary …

Persistent link: https://www.econbiz.de/10011348267

Quick or persistent? Strategic investment demanding versatility

Steg, Jan-Henrik; Thijssen, Jacco - 2015

In this paper we analyse a dynamic model of investment under uncertainty in a duopoly, in which each firm has an option to switch from the present market to a new market. We construct a subgame perfect equilibrium in mixed strategies and show that both preemption and attrition can occur along...

Persistent link: https://www.econbiz.de/10011348268

Quick or persistent? : strategic investment demanding versatility

Steg, Jan-Henrik; Thijssen, Jacco J. J. - 2015

Persistent link: https://www.econbiz.de/10011284232

Symmetric equilibria in stochastic timing games

Steg, Jan-Henrik - 2015

We construct subgame-perfect equilibria with mixed strategies for symmetric stochastic timing games with arbitrary …

Persistent link: https://www.econbiz.de/10011296327

Subgame-Perfect Equilibria in Stochastic Timing Games

Riedel, Frank; Steg, Jan-Henrik - 2014

We introduce a notion of subgames for stochastic timing games and the related notion of subgame-perfect equilibrium in … general, we argue that our model is the appropriate version for timing games. We show that the notion coincides with the usual … one for discrete-time games. Many timing games in continuous time have only equilibria in mixed strategies - in particular …

Persistent link: https://www.econbiz.de/10010427195

Subgame-Perfect Equilibria in Stochastic Timing Games

Riedel, Frank; Steg, Jan-Henrik - Institut für Mathematische Wirtschaftsforschung, … - 2014

Persistent link: https://www.econbiz.de/10010929863

On the Existence of Approximate Equilibria and Sharing Rule Solutions in Discontinuous Games

Bich, Philippe; Laraki, Rida - HAL - 2014

This paper studies the existence of some known equilibrium solution concepts in a large class of economic models with discontinuous payo functions. The issue is well understood for Nash equilibria, thanks to Reny's better-reply security condition [34], and its recent improvements [3, 25, 35,...

Persistent link: https://www.econbiz.de/10011026158