Showing 1 - 10 of 31
In this paper, we fully characterize the Nash Equilibrium in the winner-take-all Bertrand Game, showing that a mixed strategy profile is a Nash Equilibrium, if and only if it is a zero operating profit one, and there exist at least two players whose bids are all unprofitable. Compared with...
Persistent link: https://www.econbiz.de/10014080623
We consider a large class of 2-contestant Colonel Blotto games, for which the budget and valuation are both asymmetric between players and the contest success functions are in Tullock form with battle-specific discriminatory power in (0, 1] and battle-and-contestant-specific lobbying...
Persistent link: https://www.econbiz.de/10013322722
We consider a large class of 2-contestant Colonel Blotto games, for which the budget and valuation are both asymmetric between players and the contest success functions are in Tullock form with battle-specific discriminatory power in (0, 1] and battle-and-contestant-specific lobbying...
Persistent link: https://www.econbiz.de/10013295350
In this paper, we show that pure strategy Nash Equilibria in Prime Game and Expansive Game can be linked through an invertible mapping, with which the pure strategy Nash Equilibrium in Prime Game can be easily derived from Expansive Game. Our results provide a tool to solve pure strategy Nash...
Persistent link: https://www.econbiz.de/10013289274
We generalize Klumpp, Konrad and Solomon’s model (KKS Model) to multi-contestant sequential Colonel Blotto Games with prize functions where any contestant’s prizes only depend on this contestant’s own number of winning rounds. We show that with weakly monotonic prize functions and CSFs...
Persistent link: https://www.econbiz.de/10013290833
We propose a hide-and-seek game based on compact convex sets in Euclidean space. We show that when the seeker and the hider have a common territory, there exists no pure strategy Nash equilibrium, and the mixed strategy Nash equilibrium of the game are categorized into two types according to the...
Persistent link: https://www.econbiz.de/10013307780
Persistent link: https://www.econbiz.de/10014230193
Individual contributions to public goods can be framed in absolute or relative metrics. We examine how the framing salience affects the contribution behavior when group members are heterogeneously endowed, based on a reference-dependent theory with salience weights allocated to the absolute or...
Persistent link: https://www.econbiz.de/10014077502
Although contests are recognized theoretically as a highly effective method of motivation, the competitive nature of contests may generate unintended negative effects on social interactions in more general settings beyond contests. Using a laboratory experiment of real effort tasks with...
Persistent link: https://www.econbiz.de/10013226713
We study a hierarchical Bayesian persuasion game with a sender, a receiver, and several potential intermediaries, generalizing the framework of Kamenica and Gentzkow (2011). The sender must be persuasive through a hierarchy of intermediaries to reach the final receiver, whose action affects all...
Persistent link: https://www.econbiz.de/10014344060