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We present the model of games with incomplete information first introduced by Harsanyi and show the link with extensive form games with imperfect information. We provide then a construction of the universal type space of Mertens and Zamir together with some properties.
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We analyze an oligopoly model where firms choose both quantities and access fees. Per unit prices are determined endogenously to equate quantity demanded with quantity supplied at each firm. In a Nash equilibrium of the game played by firms, the per unit prices equal mairginal cost and access...
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This paper is concerned with the evolutionary stability of social inequality structures. We study the evolution of a population whose members compare their relative wealth to coordinate their actions in a simple tacit bargaining game. We interpret the equilibrium behaviors that players may adopt...
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