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Interpret a set of players all playing the same pure strategy and all with similar attributes as a society. Is it consistent with self interested behaviour for a population to organise itself into a relatively small number of societies? In a companion paper we characterised how large e must be,...
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Interpret a set of players all playing the same pure strategy and all with similar attributes as a society. Is it consistent with self interested behaviour for a population to organise itself into a relatively small number of societies? In a companion paper we characterised how large - must be,...
Persistent link: https://www.econbiz.de/10014073849
This paper extends both theory and experimentation in the context of two parties in a group who contribute to a public good with a provision point. In the voluntary contributions game in which a public good is provided if and only if the sum of contributions meets a threshold and the...
Persistent link: https://www.econbiz.de/10014104952
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We furnish conditions on the primitives of a Bayesian game that guarantee the existence of a Bayes-Nash equilibrium. By allowing for payoff discontinuities in actions, we cover various applications that cannot be handled by extant results.
Persistent link: https://www.econbiz.de/10011397925
Many important economic situations can be modelled as dynamic games of incomplete information with strategic complementarities of actions and types. Of special interest is the question of the existence of a perfect Bayesian equilibrium in which actions are monotonic in types. In this paper, we...
Persistent link: https://www.econbiz.de/10011302418