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Baye, Michael R.; Kovenock, Daniel J.; Vries, Casper G. de - 2009 - Revised: April 2009

-order contests with complete information, in which each player's strategy generates direct or indirect affine spillover effects that … economic environments, as well as in classic contests adapted to recent experimental and behavioral models where individuals … games, and show how it can be used to directly solve for equilibrium behavior in auctions, pricing games, tournaments, R …

Persistent link: https://www.econbiz.de/10011378808

Group polarization in the team dictator game reconsidered

Luhan, Wolfgang J.; Kocher, Martin; Sutter, Matthias - 2006 - This version: 8 August 2006

While most papers_new on team decision-making find teams to behave more selfish, less trusting and less altruistic than individuals, Cason and Mui (1997) report that teams are more altruistic than individuals in a dictator game. Using a within-subjects design we re-examine group polarization by...

Persistent link: https://www.econbiz.de/10011349704

The impact of naïve advice and observational learning in beauty-contest games

Kocher, Martin; Sutter, Matthias; Wakolbinger, Florian - 2007 - This version: January 24, 2007

We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice outperform uninformed subjects permanently, whereas...

Persistent link: https://www.econbiz.de/10011350357

Extreme equilibria in a general negotiation model

Houba, Harold; Wen, Quan - 2007

We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set of its subgame perfect equilibrium payoffs, we provide a recursive technique that relies on the Pareto frontier of equilibrium payoffs. When players have different time...

Persistent link: https://www.econbiz.de/10011372980

Combinatorial integer labeling theorems on finite sets with an application to discrete systems of nonlinear equations

Laan, Gerard van der; Talman, Dolf; Yang, Zaifu - 2007

Tucker's well-known combinatorial lemma states that for any given symmetric triangulation of the n-dimensional unit cube and for any integer labeling that assigns to each vertex of the triangulation a label from the set {1,2,...n,-1,-2,....-n} with the property that antipodal vertices on the...

Persistent link: https://www.econbiz.de/10011373836

Simultaneous pooled auctions with multiple bids and preference lists

Janssen, Maarten C. W.; Karamychev, Vladimir A.; … - 2008

A simultaneous pooled auction with multiple bids and preference lists is a way to auction multiple objects, in which bidders simultaneously express a bid for each object and a preference ordering over which object they would like to get in case they have the highest bid on more than one object....

Persistent link: https://www.econbiz.de/10011374408

Maximal cartel pricing and leniency programs

Houba, Harold; Motchenkova, Evgenia; Wen, Quan - 2008

For a general class of oligopoly models with price competition, we analyze the impact of ex-ante leniency programs in antitrust regulation on the endogenous maximal-sustainable cartel price. This impact depends upon industry characteristics including its cartel culture. Our analysis disentangles...

Persistent link: https://www.econbiz.de/10011377398

Solving discrete systems of nonlinear equations

Laan, Gerard van der; Talman, Dolf; Yang, Zaifu - 2009

We study the existence problem of a zero point of a function defined on a finite set of elements of the integer lattice of the n-dimensional Euclidean space. It is assumed that the set is integrally convex, which implies that the convex hull of the set can be subdivided in simplices such that...

Persistent link: https://www.econbiz.de/10011378347

The effects of leniency on maximal cartel pricing

Houba, Harold; Motchenkova, Evgenia; Wen, Quan - 2009

We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of collusion. We introduce cartel culture that describes how...

Persistent link: https://www.econbiz.de/10011378956

Maximin play in two-person bimatrix games

Pruzhansky, Vitaly - 2003

Since the seminal paper of Nash (1950) game theoretic literature has focused mostly on equilibrium and not on maximin (minimax) strategies. We study the properties of these strategies in 2-player non-zero-sum strategic games, whose Nash equilibria are only mixed.

Persistent link: https://www.econbiz.de/10011334334