Showing 1 - 10 of 309
-stage games, sequential equilibrium, trembling-hand perfection, stability, signaling games, theory of auctions, global games …
Persistent link: https://www.econbiz.de/10009432546
within two different modelling frameworks. The first approach focuses on incomplete information with respect to countries …
Persistent link: https://www.econbiz.de/10009476245
game where each player is privately informed of her benefit from project's completion. Efficiency of every equilibrium of … simple equilibrium that maximizes either utilitarian ex ante welfare or the probability of completion has a curiously … information. (c) 2006 Elsevier Inc. All rights reserved. …
Persistent link: https://www.econbiz.de/10009479535
approximate perfect Bayesian equilibrium for sequential auctions with discrete bids and incomplete information. It also utilizes … sequential FPSB auctions, with discrete bids under complete information. It also provides theoretical results for FPSB auctions … with discrete bids under incomplete information. These results are applicable to both two-person and multi-person cases …
Persistent link: https://www.econbiz.de/10009431203
Instrumentariums der evolutionären Spieltheorie. Aufbauend auf den Ergebnissen zum Verhalten der Nutzer von P2P-Netzwerken wird in … digital information goods. Chapter 4: Market analysis and competition behavior in the (German) music industry. Chapter 5: A …
Persistent link: https://www.econbiz.de/10009451186
long as their payoffs increase. We derive a stable asymmetric equilibrium of Stackelberg leaders and followers that … predicts larger aggregate extraction than the symmetric Nash equilibrium but less than the complete rent dissipation scenario … formation. As opposed to previous findings in the CPR literature we observe that full information disclosure significantly …
Persistent link: https://www.econbiz.de/10009468354
consistent with a Pareto-inferior equilibrium. A Pareto-superior equilibrium, however, suggests that partners in cross … for same-function alliances, but not for cross-function alliances. We test these equilibrium predictions in an experiment … the Pareto-superior equilibrium. Partners in cross-function alliances invested more than their counterparts in same …
Persistent link: https://www.econbiz.de/10009475396
therefore, greater information. The combination of these two propositions leads to a general equilibrium model. This paper …Credit-rationing model similar to Stiglitz and Weiss [1981] is combined with the information externality model of Lang … and Nakamura [1993] to examine the properties of mortgage markets characterized by both adverse selection and information …
Persistent link: https://www.econbiz.de/10009430112
formation of a financial center, we argue that information problems have created the need for geographic agglomeration of … financial activities based on the source of information. This is true even in an era when financial markets work through … prime source of policy information, is more likely than other Chinese cities to be the national pre-eminent financial center …
Persistent link: https://www.econbiz.de/10009471425
alliances, knowledge management within organizations, formal and informal leadership, personal (business) contacts, information … certain equilibrium outcomes. For instance, given specific benefits of linking, we illustrate how the stable networks depend … access to information and support by having many other actors in close reach (e.g. Bala and Goyal, 2000); the other one is …
Persistent link: https://www.econbiz.de/10009452644