Download or read book Essays on Bargaining and Repeated Games written by Alexander Wolitzky and published by . This book was released on 2011 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: The thesis consists of four essays on bargaining and repeated games. The first essay studies whether allowing players to sign binding contracts governing future play leads to reputation effects in repeated games with long-run players. Given any prior over behavioral types, a modified prior is constructed with the same total weight on behavioral types and a larger support under which almost all efficient, feasible, and individually rational payoffs are attainable in perfect Bayesian equilibrium. Thus, whether reputation effects emerge in repeated games with contracts depends on details of the prior distribution over behavioral types other than its support. The second essay studies reputational bargaining under the assumption of first-order knowledge of rationality. The share of the surplus that a player can guarantee herself is determined, as is the bargaining posture that she must announce in order to guarantee herself this much. It is shown that this maxmin share of the surplus is large relative to the player's initial reputation, and that the corresponding bargaining posture simply demands this share plus compensation for any delay in reaching agreement. The third essay studies the maximum level of cooperation that can be sustained in sequential equilibrium in repeated games with network monitoring. The foundational result is that the maximum level of cooperation can be sustained in grim trigger strategies. Comparative statics on the maximum level of cooperation are shown to be highly tractable. For the case of fixed monitoring networks, a new notion of network centrality is introduced, which characterizes which players have greater capacities for cooperation and which networks can support more cooperation. The fourth essay studies the price-setting problem of a monopoly that in each time period has the option of failing to deliver its good after receiving payment. Optimal equilibrium pricing and profits are characterized. For durable goods, a lower bound on optimal profit for any discount factor is provided. The bound converges to the optimal static monopoly profit as the discount factor converges to one, in contrast to the Coase conjecture.
Download or read book Essays in Game Theory written by Nimrod Megiddo and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents a collection of papers on game theory dedicated to Michael Maschler. Through his dedication and contributions to game theory, Maschler has become an important figure particularly in the area of cooperative games. Game theory has since become an important subject in operations research, economics and management science. As befits such a volume, the main themes covered are cooperative games, coalitions, repeated games, and a cost allocation games. All the contributions are authoritative surveys of a particular topic, so together they will present an invaluable overview of the field to all those working on game theory problems.
Download or read book Essays on Dynamic Game Theory written by Gyu Ho Wang and published by . This book was released on 1991 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Applied Game Theory written by Kwok H. Cheung and published by . This book was released on 1989 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays in Dynamic Games written by Syed Nageeb Mustafa Ali and published by . This book was released on 2007 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays in Game Theory and Mathematical Economics in Honor of Oskar Morgenstern written by Robert J. Aumann and published by Bibliographisches Institut & F.A. Brockhaus AG. This book was released on 1981 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on Renegotiation in Games written by Andreas Blume and published by . This book was released on 1989 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bargaining and Market Behavior written by Vernon L. Smith and published by Cambridge University Press. This book was released on 2000-06-12 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second Cambridge University Press collection of papers by Vernon L. Smith, a creator of the field of experimental economics, includes many of his primary authored and coauthored contributions on bargaining and market behavior between 1990 and 1998. The essays explore the use of laboratory experiments to test propositions derived from economics and game theory. They also investigate the relationship between experimental economics and psychology, particularly the field of evolutionary psychology, using the latter to broaden the perspective in which experimental results are interpreted. The volume complements Professor Smith's earlier work by demonstrating the importance of institutional features of markets in understanding behavior and market performance. Specific themes investigated include rational choice, the notion of fairness, game theory and extensive form experimental interactions, institutions and market behavior, and the study of laboratory stock markets.
Download or read book Three Essays in Pre trial Negotiation written by Jeong-Yoo Kim and published by . This book was released on 1992 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Markets Games and Organizations written by Tatsuro Ichiishi and published by Springer Science & Business Media. This book was released on 2003 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is a collection of contributed papers in honor of Roy Radner. Reflecting Radner's broad range of research interests, the papers cover quite diverse areas, ranging over general equilibrium analysis of the market mechanism, economies undergoing transition, satisficing behavior, markets with asymmetric information, organizational resource allocation and information processing, incentives and implementation, stable sets and the core, stochastic sequential bargaining games, perfect equilibria in a macro growth model, repeated games, and evolutionary games.
Download or read book Essays in Game Theory written by Mehmet Barlo and published by . This book was released on 2003 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Game Theoretic Models of Bargaining written by Alvin E. Roth and published by Cambridge University Press. This book was released on 1985-11-29 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive picture of the new developments in bargaining theory.
Download or read book Essays in Dynamic Cooperation Bargaining and Contribution Games written by Parth Singh Parihar and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In many economic and political settings, agents with non-aligned interests must work together to enact mutually beneficial change. My dissertation consists of three chapters that analyze problems that combine features of bargaining and contribution games. In particular, I examine how institutional rules, the size of teams, and the attitudes of agents affect dynamic cooperation.In Chapter 1, I analyze a repeated bargaining environment where the previously negotiated agreement becomes the present status quo. Agreements' efficiency decays in the absence of revision, giving both parties an incentive to re-negotiate. I study how limited foresight-- or the inability of agents to account for the full dynamic linkage from one agreement to the next-- affects behavior. I show that limited foresight is a key driver of gridlock. Moreover, I demonstrate that while limited foresight and inter-temporal discounting both overweight imminent outcomes, these have the opposite effects on equilibrium. I solve the model in the case of legislative bargaining and relate its findings to observed phenomena in policy-making.In Chapter 2, Matias Iaryczower, Santiago Oliveros, and I study sequential contributions to public goods. We consider a model where agents with different valuations for the good are selected at random to contribute in each period. Agents face classical free-riding incentives in preferring to offload the cost of contributing to other players. We show that if the project is sufficiently large, the unique equilibrium of the model displays endogenous contribution cycles, in which agents of different types alternate making gradual contributions towards completion of the project.Finally, in Chapter 3, I explore a setting that combines features of both bargaining and contribution games. Two players cooperate to complete a joint project, wherein each of several periods, one agent-- the project leader-- is responsible for advancing the project at personal cost. Project leaders are choose not only the extent of progress they enact but also the direction in which the project moves, over which their preferences diverge with their counterparts. I show that increasing the incumbency of an efficient project leader decreases her productivity while the opposite is true for an inefficient contributor.
Download or read book Essays on Bargaining and the Politics of Public Expenditures in the United States written by David Martin Primo and published by . This book was released on 2002 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Negotiation Games written by Steven J. Brams and published by Psychology Press. This book was released on 2003 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Steven J. Brams is one of the leading game theorists of his generation. This new edition includes brand new material on topics such as fallback bargaining and principles of rational negotiation.
Download or read book Three Essays in Industrial Organization written by John M. Gale and published by . This book was released on 1997 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Repeated Games written by Shivani Nayyar and published by . This book was released on 2009 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
