The Attrition Dynamics of Multilateral War
نویسندگان
چکیده
منابع مشابه
Economics 703 Advanced Microeconomics Prof. Peter Cramton Lecture Note 3: Mechanism Design Outline A. Introduction to Games with Incomplete Information C. Multilateral Trading Mechanisms 1. Dissolving a Partnership 2. Optimal Auctions A. Introduction to Games with Incomplete Information
A. Introduction to Games with Incomplete Information 1. Imperfect Information vs. Incomplete Information 2. Bayesian Games 3. The Revelation Principle B. Bilateral Trading Mechanisms 1. War of Attrition 2. Simultaneous Offers 3. The Public Choice Problem 4. A General Model 5. Efficiency in Games with Incomplete Information 6. Durability C. Multilateral Trading Mechanisms 1. Dissolving a Partner...
متن کاملWar of attrition with implicit time cost.
In the game-theoretic model war of attrition, players are subject to an explicit cost proportional to the duration of contests. We construct a model where the time cost is not explicitly given, but instead depends implicitly on the strategies of the whole population. We identify and analyse the underlying mechanisms responsible for the implicit time cost. Each player participates in a series of...
متن کاملThe Long - Run Behavior of the Stochastic
Fudenberg and Harris’ stochastic version of the classical replicator dynamics is considered. The behavior of this diffusion process in the presence of an evolutionarily stable strategy is investigated. Moreover, extinction of dominated strategies and stochastic stability of strict Nash equilibria are studied. The general results are illustrated in connection with a discrete war of attrition. A ...
متن کاملAn Analysis of the War of Attrition and the All-Pay Auction
We study the war of attrition and the all-pay auction when players’ signals are affiliated and symmetrically distributed. We (a) find sufficient conditions for the existence of symmetric monotonic equilibrium bidding strategies; and (b) examine the performance of these auction forms in terms of the expected revenue accruing to the seller. Under our conditions the war of attrition raises greater...
متن کاملTiming Models with Both Explosive and Timed Entry: Endogenous Herding and The Rush Hour
There is a vast collection of scenarios where people have to time a decision optimally vis-a-vis the decision of other, examples include market entry and exit, corporate restructuring, mergers and acquisitions and so on. In economics these strategic decisions are typically studied with timing games, either tailoring the question to fit a War of Attrition(having more predecessors helps), or to a...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2017