Showing 1 - 10 of 210
In the reputation literature, players have \emph{commitment types} which represent the possibility that they do not … payoffs. Then, classic reputation results can be achieved with uncertainty concerning only the stage payoffs. …
Persistent link: https://www.econbiz.de/10011599566
In the reputation literature, players have \emph{commitment types} which represent the possibility that they do not … payoffs. Then, classic reputation results can be achieved with uncertainty concerning only the stage payoffs. …
Persistent link: https://www.econbiz.de/10011127591
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/10014536851
We consider general asset market environments in which agents with quasilinear payoffs are endowed with objects and have demands for other agents' objects. We show that if all agents have a maximum demand of one object and are endowed with at most one object, the VCG transfer of each agent is...
Persistent link: https://www.econbiz.de/10014536857
We study binary action network games with strategic complementarities. An agent acts if the aggregate social influence of her friends exceeds a transfer levied on the agent by a principal. The principal seeks to maximize her revenue while inducing everyone to act in a unique equilibrium. We...
Persistent link: https://www.econbiz.de/10014536860
We study a receiver's learning problem of choosing an informative test in a signaling environment. Each test induces a signaling subgame. Thus, in addition to its direct effect on the receiver's information, a test has an indirect effect through the sender's signaling strategy. We show that the...
Persistent link: https://www.econbiz.de/10014536864
I study sequential contests where the efforts of earlier players may be disclosed to later players by nature or by design. The model has many applications, including rent seeking, R&D, oligopoly, public goods provision, and tragedy of the commons. I show that information about other players'...
Persistent link: https://www.econbiz.de/10014536866
``Big data" gives markets access to previously unmeasured characteristics of individual agents. Policymakers must decide whether and how to regulate the use of this data. We study how new data affects incentives for agents to exert effort in settings such as the labor market, where an agent's...
Persistent link: https://www.econbiz.de/10014536868
When opposing parties compete for a prize, the sunk effort players exert during the conflict can affect the value of the winner's reward. These spillovers can have substantial influence on the equilibrium behavior of participants in applications such as lobbying, warfare, labor tournaments,...
Persistent link: https://www.econbiz.de/10014536891
We present a new approach to studying equilibrium dynamics in a class of stochastic games with a continuum of players with private types and strategic complementarities. We introduce a suitable equilibrium concept, called Markov Stationary Nash Distributional Equilibrium (MSNDE), prove its...
Persistent link: https://www.econbiz.de/10014536895