Abstract
What is common to the following situations: designing random incentive schemes to implement team effort, monopoly pricing when consumers are loss averse, arms races when players are privately informed of their armament costs? We present a simple formalism, called X-games, which captures these situations as well as others, and use it to unify and extend the separate analyses that they received in the literature.
Original language | English |
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Pages (from-to) | 93-100 |
Number of pages | 8 |
Journal | Games and Economic Behavior |
Volume | 89 |
DOIs | |
State | Published - 1 Jan 2015 |
Keywords
- C72
- Externalities
- Strategic complements
- Strategic substitutes
All Science Journal Classification (ASJC) codes
- Finance
- Economics and Econometrics