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Weighted network congestion games are a natural model for interactions involving finitely many non-identical users of network resources, such as road segments or communication links. However, in spite of their special form, these games are not fundamentally special: every finite game can be...
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In a correlated equilibrium, the players’ choice of actions is directed by correlated random messages received from an outside source, or mechanism. These messages allow for more equilibrium outcomes than without any messages (pure-strategy equilibrium) or with statistically independent ones...
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A sequential-move version of a given normal-form game is an extensive-form game of perfect information in which each player chooses his action after observing the actions of all players who precede him and the payoffs are determined according to the payoff functions in . A normal-form game is...
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This paper considers a model of society [script S] with a finite number of individuals, n, a finite set off alternatives, Omega, effective coalitions that must contain an a priori given number q of individuals. Its purpose is to extend the Nakamura Theorem (1979) to the quota games where...
Persistent link: https://www.econbiz.de/10005375584
We analyze an independent private values model where a number of objects are sold in sequential first- and second-price auctions. Bidders have unit demand and their valuation for an object is decreasing in the rank number of the auction in which it is sold. We derive efficient equilibria if...
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