Showing 1 - 10 of 6,510
We show that, in a minimum effort game with incomplete information where player types are independently drawn, there is a largest and smallest Bayesian equilibrium, leading to the set of equilibrium payoffs (as evaluated at the interim stage) having a lattice structure. Furthermore, the range of...
Persistent link: https://www.econbiz.de/10010284477
We show that, in a minimum effort game with incomplete information where player types are independently drawn, there is a largest and smallest Bayesian equilibrium, leading to the set of equilibrium payoffs (as evaluated at the interim stage) having a lattice structure. Furthermore, the range of...
Persistent link: https://www.econbiz.de/10005652384
Persistent link: https://www.econbiz.de/10012138055
Persistent link: https://www.econbiz.de/10012806009
Persistent link: https://www.econbiz.de/10012873099
Persistent link: https://www.econbiz.de/10012592688
We consider minimum-effort games played in an arbitrary network. For a family of imitation behavioral rules, including Imitate the Best and the Proportional Imitation Rule, we show that inefficient conventions arise independently of the interaction structure, if information is limited to the...
Persistent link: https://www.econbiz.de/10011049738
The literature on minimum effort game has been concerned with a symmetric game with linear payoff functions. The main aim of the present paper is to study the coordination problem arising in a not necessarily symmetric minimum effort game with two players. The sources of asymmetry can be...
Persistent link: https://www.econbiz.de/10010875378
Persistent link: https://www.econbiz.de/10011304942
Persistent link: https://www.econbiz.de/10010202961