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Voluntarily separable repeated Prisonerʼs Dilemma with reference letters

Fujiwara-Greve, Takako; Okuno-Fujiwara, Masahiro; … - In: Games and Economic Behavior 74 (2012) 2, pp. 504-516

information flow across partnerships, we consider the case in which players can issue a “reference letter” to verify at least that …

Persistent link: https://www.econbiz.de/10011049765

The value of information in a principal–agent model with moral hazard: The ex post contracting case

Silvers, Randy - In: Games and Economic Behavior 74 (2012) 1, pp. 352-365

information), informative and observed only by the principal (private information), or also observed by the agent (public … information). We show that, from an ex ante standpoint (before the signal is observed): (i) the agent prefers private to both null … and public information; (ii) the principal sometimes prefers null to both private and public information; and (iii) when …

Persistent link: https://www.econbiz.de/10011049676

Shunning uncertainty: The neglect of learning opportunities

Trautmann, Stefan T.; Zeckhauser, Richard J. - In: Games and Economic Behavior 79 (2013) C, pp. 44-55

significant expected payoffs when they shun uncertain alternatives in favor of known ones. Worse, when information is revealed …

Persistent link: https://www.econbiz.de/10011049682

Information and learning in oligopoly: An experiment

Bigoni, Maria; Fort, Margherita - In: Games and Economic Behavior 81 (2013) C, pp. 192-214

choices with data on the information acquisition process they follow. Subjects play a repeated Cournot oligopoly, with limited … a priori information. The econometrics hinges on a model built upon Experience Weighted Attraction learning, and the … simultaneous analysis of data on the information gathered and on actions taken by the subjects. Results suggest that learning is a …

Persistent link: https://www.econbiz.de/10011049694

The effect of endogenous timing on coordination under asymmetric information: An experimental study

Brindisi, Francesco; Çelen, Boğaçhan; Hyndman, Kyle - In: Games and Economic Behavior 86 (2014) C, pp. 264-281

This paper investigates the role of endogenous timing of decisions on coordination under asymmetric information. In the … coordination: a learning effect (early decisions reveal information) and a complementarity effect (early decisions eliminate …

Persistent link: https://www.econbiz.de/10011049850

Deviations, uncertainty and the core

Routledge, R.R. - In: Games and Economic Behavior 88 (2014) C, pp. 286-297

The study of coalition formation under uncertainty poses subtle questions regarding the appropriate definition of the core. In this paper a new core concept, the interim sequential core (ISC), is proposed as a solution concept to transferable utility games with uncertainty when binding...

Persistent link: https://www.econbiz.de/10011117122

Online concealed correlation and bounded rationality

Bavly, Gilad; Neyman, Abraham - In: Games and Economic Behavior 88 (2014) C, pp. 71-89

Correlation of players' actions may evolve in the common course of the play of a repeated game with perfect monitoring (“online correlation”). In this paper we study the concealment of such correlation from a boundedly rational player. We show that “strong” players, i.e., players whose...

Persistent link: https://www.econbiz.de/10011117125

Preemption games under Lévy uncertainty

Boyarchenko, Svetlana; Levendorskiĭ, Sergei - In: Games and Economic Behavior 88 (2014) C, pp. 354-380

We study a stochastic version of Fudenberg–Tirole's preemption game. Two firms contemplate entering a new market with stochastic demand. Firms differ in sunk costs of entry. If the demand process has no upward jumps, the low cost firm enters first, and the high cost firm follows. If leader's...

Persistent link: https://www.econbiz.de/10011117128

Coalitional stochastic stability in games, networks and markets

Sawa, Ryoji - In: Games and Economic Behavior 88 (2014) C, pp. 90-111

This paper examines a dynamic process of unilateral and joint deviations of agents and the resulting stochastic evolution of social conventions. Our model unifies stochastic stability analysis in static settings, including normal form games, network formation games, and simple exchange...

Persistent link: https://www.econbiz.de/10011117144

The value of information in asymmetric all-pay auctions

Seel, Christian - In: Games and Economic Behavior 86 (2014) C, pp. 330-338

This note analyzes a two-player all-pay auction with incomplete information. More precisely, one bidder is uncertain …

Persistent link: https://www.econbiz.de/10010785199