Showing 1 - 4 of 4
This paper studies a machine (finite automaton) playing a two-player repeated game of a simple extensive-form game with perfect information. We introduce a new complexity measure called multiple complexity which incorporates a strategyʼs responsiveness to information in the stage game as well...
Persistent link: https://www.econbiz.de/10011049832
An apex game consists of one apex player and a set of minor players. We identify two key properties of apex games and use them to introduce the class of general apex games. We derive players' preferences over winning coalitions by applying strongly monotonic power indices on such a game and all...
Persistent link: https://www.econbiz.de/10010931190
I study a 2-bidder infinitely repeated IPV first-price auction without transfers, communication, or public randomization, where each bidderʼs valuation can assume, in each of the (statistically independent) stage games, one of three possible values. Under certain distributional assumptions, the...
Persistent link: https://www.econbiz.de/10011049799
I study a symmetric 2-bidder IPV first-price auction prior to which one bidder can offer his rival a bribe in exchange for the latterʼs abstention. I focus on pure and undominated strategies, and on continuous monotonic equilibria—equilibria in which the bribing function is continuous and...
Persistent link: https://www.econbiz.de/10011049887