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On Asynchronicity of Moves and Coordination
(Economic Research Initiatives at Duke (ERID), 2015-03-23)
This paper shows that asynchronicity of moves can lead to a unique prediction in coordination games, in an infinite-horizon setting, under certain conditions on off-equilibrium payoffs. In two-player games we derive necessary ...
Gradual Bidding in Ebay-Like Auctions
(Economic Research Initiatives at Duke (ERID), 2013-09-05)
This paper shows that in online auctions like eBay, if bidders can only place bids at random times, then many di fferent equilibria arise besides truthful bidding, despite the option to leave proxy bids. These equilibria ...