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Competition modulates buyers' reaction to sellers' cheap talk

Onderstal, Sander; Shalvi, Shaul; Soraperra, Ivan - 2023

-binding price requests. Using a laboratory experiment, we examine how competition moderates the way such cheap-talk communication … granularity effects of cheap-talk communication on negotiation outcomes. Our results show that most of these effects survive with …

Persistent link: https://www.econbiz.de/10014299618

Can there be a market for cheap-talk information? : an experimental investigation

Cabrales, Antonio; Feri, Francesco; Gottardi, Piero; … - 2018

the previous experimental results on cheap-talk games. Our subjects provide low-quality information even when doing so …

Persistent link: https://www.econbiz.de/10011822038

Optimal Information Disclosure in Competing Contests with Capacity Constrained Players

Antsygina, Anastasia - 2021

This paper studies optimal information disclosure in competing contests with identical players. Each player faces a capacity constraint on the total effort contribution and is ex ante uninformed about the difficulty of the task to be performed in one of the contests. The task can be either...

Persistent link: https://www.econbiz.de/10013212097

Strategies under strategic uncertainty

Mass, Helene - 2018

I investigate the decision problem of a player in a game of incomplete information who faces uncertainty about the other players' strategies. I propose a new decision criterion which works in two steps. First, I assume common knowledge of rationality and eliminate all strategies which are not...

Persistent link: https://www.econbiz.de/10011946016

Optimal Information Disclosure in Contests with Communication

Antsygina, Anastasia - 2021

probability in the communication game, and this creates an externality (which can be either positive or negative) for the designer …. The optimal disclosure policy depends on both the communication technology and the correlation between the contestants … sufficiently high. These results are in a stark contrast with the no communication benchmark …

Persistent link: https://www.econbiz.de/10013212098

Partial equilibrium mechanism and inter-sectoral coordination : an experiment

Hanaki, Nobuyuki; Hayashi, Takashi; Lombardi, Michele; … - 2021

mechanisms separately, despite the existence of complementarity between them. In our simple laboratory experiment setting that … coordination across sectors. Our results show that coordination failure occurs more frequently when there is asymmetry between the …

Persistent link: https://www.econbiz.de/10012604034

A class of N-player Colonel Blotto games with multidimensional private information

Ewerhart, Christian; Kovenock, Daniel J. - 2019

We consider a class of incomplete-information Colonel Blotto games in which N ≥ 2 agents are engaged in (N + 1) battlefields. An agent's vector of battlefield valuations is drawn from a generalized sphere in Lp-space. We identify a Bayes-Nash equilibrium in which any agent's resource...

Persistent link: https://www.econbiz.de/10012123363

A class of N-player Colonel Blotto games with multidimensional private information

Ewerhart, Christian; Kovenock, Daniel J. - 2021 - Revised version

In this paper, we study N-player Colonel Blotto games with incomplete information about battlefield valuations. Such games arise in job markets, research and development, electoral competition, security analysis, and conflict resolution. For M ≥ N + 1 battlefields, we identify a Bayes-Nash...

Persistent link: https://www.econbiz.de/10012436059

A full characterization of all deterministic dominant strategy incentive compatible, ex-post individually rational, and ex-post budget balanced direct mechanisms in the public good provision problem with independent private values

Kuzmics, Christoph - 2014

In this note I give a full characterization of all deterministic direct mechanisms in the public good provision problem with independent private values that are dominant strategy incentive compatible, ex-post individually rational, and ex-post budget balanced.

Persistent link: https://www.econbiz.de/10010337703

Information Favoritism and Scoring Bias in Contests

Deng, Shanglyu; Fang, Hanming; Fu, Qiang; Wu, Zenan - National Bureau of Economic Research - 2023

Two potentially asymmetric players compete for a prize of common value, which is initially unknown, by exerting efforts. A designer has two instruments for contest design. First, she decides whether and how to disclose an informative signal of the prize value to players. Second, she sets the...

Persistent link: https://www.econbiz.de/10014247957