The problem of resource extraction developed in Levhari and Mirman (1980) is reconsidered under a situation of incomplete information. Specifically, players do not have information about other players' benefit functions. It is assumed that each player relies on simple, non probabilistic beliefs...

We study strategic games where players' preferences are weak orders which need not admit utility representations. First of all, we extend Voorneveld's concept of best-response potential from cardinal to ordinal games and derive the analogue of his characterization result: An ordinal game is a...

We propose a smooth multibidding mechanism for environments where a group of agents have to choose one out of several projects. Our proposal is related to the multibidding mechanism (Pérez-Castrillo and Wettstein, 2002) but it is "smoother" in the sense that small variations in an agent's bids...