Showing 1 - 10 of 109
all players. Further, the question of stability of such a distribution is studied. …
Persistent link: https://www.econbiz.de/10010317657
all players. Further, the question of stability of such a distribution is studied. …
Persistent link: https://www.econbiz.de/10004989621
. Complete information equilibrium outcomes are shown to be characterized by a \emph{stability} condition that is adapted to the … notion of \emph{procedural stability}. Two simple assumptions guarantee existence of a student optimal procedurally stable …
Persistent link: https://www.econbiz.de/10010312980
. Complete information equilibrium outcomes are shown to be characterized by a \emph{stability} condition that is adapted to the … notion of \emph{procedural stability}. Two simple assumptions guarantee existence of a student optimal procedurally stable …
Persistent link: https://www.econbiz.de/10010535252
strategy does not satisfy continuous stability. …
Persistent link: https://www.econbiz.de/10010312970
Participants of dynamic competition games may prefer to play with the rules of the game by systematically withholding effort in the beginning. Such behavior is referred to as sandbagging. I consider a two-period con- test between heterogeneous players and analyze potential sandbagging of...
Persistent link: https://www.econbiz.de/10010312971
In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any knowledge of the payoff functions players increase, respectively decrease, their quantity by one unit as long as this leads to higher profits. We show that despite the absence of...
Persistent link: https://www.econbiz.de/10010317631
In a sequencing problem with linear time cost, Suijs (1996) proved that it is possible to achieve first best. By first best we mean that one can find mechanisms that satisfy efficiency of decision, dominant strategy incentive compatibility and budget balancedness. In this paper we show that...
Persistent link: https://www.econbiz.de/10010317633
This paper analyzes the effect of the availability of information about the payoff structure on the behavior of players in a Common-Pool Resource game. Six groups of six individuals played a complete information game, while other six groups played the same game but with no information about the...
Persistent link: https://www.econbiz.de/10010317639
absence of imitation opportunities but also stability against exploratory deviations of "success leaders", i. e. players most …
Persistent link: https://www.econbiz.de/10010317643