On the endogenous order of play in sequential games
Barberà, Salvador 1946- (Universitat Autònoma de Barcelona)
Gerber, Anke (Universitat Hamburg)

Publicació:	Barcelona: BSE Working Paper; 2024
Descripció:	47 pàg.
Resum:	We formalize, under the name of games of addition, the strategic interaction between agents that can play non-simultaneously by adding payoff relevant actions to those that any other players or themselves have already taken previously, but may also agree unanimously to stop adding them and collect the payoffs associated with the truncated sequence of moves. Our formalization differs from that of extensive form games in that the order of the agents' moves is not predetermined but emerges endogenously when applying an adapted version of a solution concept proposed by Dutta, Jackson and Le Breton (2004). We provide results regarding the properties of solutions to games of addition, and we also compare their corresponding equilibria with those we would obtain if using extensive form games and subgame perfection as alternative tools of analysis.
Ajuts:	Agencia Estatal de Investigación CEX2019-000915-S Agencia Estatal de Investigación PID2020-116771GB-I00 Agència de Gestió d'Ajuts Universitaris i de Recerca 2021 / SGR-00194
Drets:	Tots els drets reservats.
Llengua:	Anglès
Col·lecció:	BSE working paper; 1443
Document:	Working paper ; recerca ; Versió publicada
Matèria:	Order of play ; Sequential games
Publicat a:	BSE Barcelona School of Economics Working Papers, 2024

Adreça alternativa: https://bse.eu/research/working-papers/endogenous-order-play-sequential-games

47 p, 521.8 KB

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