Browsing by Keywords "Incomplete information"
Now showing items 1-5 of 5
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A note on efficient signaling of bargaining power
(Springer, 2000)Strategic delay and restricted offers are two modes of signaling bargaining power in alternating offers bargaining games. This paper shows that when both modes are available, the best signaling strategy of the "strong" ... -
On the informational content of wage offers
(Wiley-Blackwell Publishing, Inc., 2002)This paper studies screening and signaling roles of the offer wage and investigates its impact on matching efficiency. It develops a matching model of a large job market populated by observationally indistinguishable, ... -
Order of limits in reputations
(Springer, 2016)The fact that small departures from complete information might have large effects on the set of equilibrium payoffs draws interest in the adverse selection approach to study reputations in repeated games. It is well known ... -
Stochastic control approach to reputation games
(IEEE, 2020)Through a stochastic-control-theoretic approach, we analyze reputation games, where a strategic long-lived player acts in a sequential repeated game against a collection of short-lived players. The key assumption in our ... -
A theory of trade concessions
(Elsevier BV, 1997)We present a model of tariff disputes and concessions consisting of an infinitely repeated game under bilateral incomplete information. Given potential agreements to be reached through unilateral or reciprocal concessions, ...