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We commonly think of information as an instrument for better decisions, yet evidence suggests that people often decline free information in non-strategic scenarios. This paper provides a theory for how a dynamically-consistent decision maker can be averse to partial information as a consequence...
Persistent link: https://www.econbiz.de/10012308729
We analyze information design games between two designers with opposite preferences and a single agent. Before the agent makes a decision, designers repeatedly disclose public information about persistent state parameters. Disclosure continues until no designer wishes to reveal further...
Persistent link: https://www.econbiz.de/10013273785
Persistent link: https://www.econbiz.de/10012794421
The art market, following the example of financial markets, is divided into a primary market, where works are traded directly from artists, and a secondary market that is mainly the auction market. Coronavirus disease 2019 (COVID-19) and galloping inflation have influenced the creation of a bull...
Persistent link: https://www.econbiz.de/10014507359
transport management practices. For this, bidding processes in selected states are reviewed, as well as supply and demand data …
Persistent link: https://www.econbiz.de/10014251215
Fog computing introduces a new dimension to the network edge by pooling diverse resources (e.g., processing power, memory, and bandwidth). However, allocating resources from heterogeneous fog nodes often faces limited capacity. To overcome these limitations, integrating fog nodes with cloud...
Persistent link: https://www.econbiz.de/10015408228
This article presents an equivalence theorem in the context of Tullock's augmented lottery contest with external or … the augmented contest is vulnerable to framing biases, it is strategically neutral. …
Persistent link: https://www.econbiz.de/10014422484
duopoly price competition. This all-pay contest formulation puts little restriction on production technologies, demand, and …
Persistent link: https://www.econbiz.de/10015433881
We study large-population repeated games where players are symmetric but not anonymous, so player-specific rewards and punishments are feasible. Players may be commitment types who always take the same action. Even though players are not anonymous, we show that an anti-folk theorem holds when...
Persistent link: https://www.econbiz.de/10014440061
We study a duel game in which each player has incomplete knowledge of the game parameters. We present a simple, heuristically motivated and easily implemented algorithm by which, in the course of repeated plays, each player estimates the missing parameters and consequently learns his optimal...
Persistent link: https://www.econbiz.de/10015271702