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Repeated Signalling Games and Dynamic Trading Relationships
Repeated signalling games refinements of equilibria bilateral monopoly bargaining ratchet effect
2015/9/23
A seller of a nondurable good repeatedly faces a buyer who is privately informed about the position of his demand curve. The seller offers a price in each period. The buyer chooses a quantitygiven the...
Endogenous Movement and Equilibrium Selection in Spatial Coordination Games
Coordination Games Movement Equilibrium Selection
2014/8/8
We study the effects of agent movement on equilibrium selection in spatial coordination games with Pareto dominant and risk dominant Nash equilibria. We incorporate agent movement, and thereby partne...