IDEAS home Printed from https://ideas.repec.org/a/eee/gamebe/v62y2008i2p643-660.html
   My bibliography  Save this article

A game of timing and visibility

Author

Listed:
  • Lotker, Zvi
  • Patt-Shamir, Boaz
  • Tuttle, Mark R.

Abstract

We consider the following abstraction of competing publications. There are n players in the game. Each player i chooses a point xi in the interval [0,1], and a player's payoff is the distance from its point xi to the next larger point, or to 1 if xi is the largest. For this game, we give a complete characterization of the Nash equilibrium for the two-player game, and, more important, we give an efficient approximation algorithm to compute numerically the symmetric Nash equilibrium for the n-player game. The approximation is computed via a discrete version of the game. In both cases, we show that the (symmetric) equilibrium is unique. Our algorithmic approach to the n-player game is non-standard in that it does not involve solving a system of differential equations. We believe that our techniques can be useful in the analysis of other timing games.

Suggested Citation

  • Lotker, Zvi & Patt-Shamir, Boaz & Tuttle, Mark R., 2008. "A game of timing and visibility," Games and Economic Behavior, Elsevier, vol. 62(2), pages 643-660, March.
  • Handle: RePEc:eee:gamebe:v:62:y:2008:i:2:p:643-660
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0899-8256(07)00082-6
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Drew Fudenberg & Jean Tirole, 1991. "Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061414, April.
    2. Martin J. Osborne & Ariel Rubinstein, 1994. "A Course in Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262650401, April.
    3. Hendricks, Ken & Weiss, Andrew & Wilson, Charles A, 1988. "The War of Attrition in Continuous Time with Complete Information," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 29(4), pages 663-680, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Louis Abraham, 2023. "A Game of Competition for Risk," Papers 2305.18941, arXiv.org.
    2. Eitan Altman & Nahum Shimkin, 2016. "The Ordered Timeline Game: Strategic Posting Times Over a Temporally Ordered Shared Medium," Dynamic Games and Applications, Springer, vol. 6(4), pages 429-455, December.
    3. Kerstan, Sven & Kretschmer, Tobias & Muehlfeld, Katrin, 2012. "The dynamics of pre-market standardization," Information Economics and Policy, Elsevier, vol. 24(2), pages 105-119.
    4. Louis Abraham, 2023. "A Game of Competition for Risk," Working Papers hal-04112160, HAL.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:dau:papers:123456789/6818 is not listed on IDEAS
    2. Alger, Ingela & Lehmann, Laurent & Weibull, Jörgen W., 2015. "Does evolution lead to maximizing behavior?," TSE Working Papers 15-561, Toulouse School of Economics (TSE).
    3. Thijssen, J.J.J., 2003. "Investment under uncertainty, market evolution and coalition spillovers in a game theoretic perspective," Other publications TiSEM 672073a6-492e-4621-8d4a-0, Tilburg University, School of Economics and Management.
    4. Bojan Ristić & Dejan Trifunović, 2014. "Horizontal Mergers And Weak And Strong Competition Commissions," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 59(202), pages 69-106, July – Se.
    5. Alós-Ferrer, Carlos & Ritzberger, Klaus, 2017. "Does backwards induction imply subgame perfection?," Games and Economic Behavior, Elsevier, vol. 103(C), pages 19-29.
    6. Federico Echenique & Aaron Edlin, 2001. "Mixed Equilibria in Games of Strategic Complements are Unstable," Levine's Working Paper Archive 563824000000000161, David K. Levine.
    7. Bayer, Ralph C. & Renou, Ludovic, 2016. "Logical omniscience at the laboratory," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 64(C), pages 41-49.
    8. Leonardo Felli & Alessandro Riboni & Luca Anderlini, 2007. "Statute Law or Case Law?," 2007 Meeting Papers 952, Society for Economic Dynamics.
    9. Horaguchi, Haruo, 1996. "The role of information processing cost as the foundation of bounded rationality in game theory," Economics Letters, Elsevier, vol. 51(3), pages 287-294, June.
    10. Bilodeau, Marc & Childs, Jason & Mestelman, Stuart, 2004. "Volunteering a public service: an experimental investigation," Journal of Public Economics, Elsevier, vol. 88(12), pages 2839-2855, December.
    11. Echenique, Federico, 2004. "Extensive-form games and strategic complementarities," Games and Economic Behavior, Elsevier, vol. 46(2), pages 348-364, February.
    12. , & ,, 2013. "Implementation of communication equilibria by correlated cheap talk: The two-player case," Theoretical Economics, Econometric Society, vol. 8(1), January.
    13. Florian Morath, 2013. "Volunteering and the strategic value of ignorance," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 41(1), pages 99-131, June.
    14. Emeric Henry & Carlos J. Ponce, 2011. "Waiting to Imitate: On the Dynamic Pricing of Knowledge," Journal of Political Economy, University of Chicago Press, vol. 119(5), pages 959-981.
    15. Bayer, R.-C. & Renou, Ludovic, 2016. "Logical abilities and behavior in strategic-form games," Journal of Economic Psychology, Elsevier, vol. 56(C), pages 39-59.
    16. Lanzi, Diego, 2013. "Frames and social games," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 45(C), pages 227-233.
    17. Acemoglu, Daron & Bimpikis, Kostas & Ozdaglar, Asuman, 2009. "Price and capacity competition," Games and Economic Behavior, Elsevier, vol. 66(1), pages 1-26, May.
    18. Feinberg, Yossi, 2005. "Subjective reasoning--dynamic games," Games and Economic Behavior, Elsevier, vol. 52(1), pages 54-93, July.
    19. Battigalli, Pierpaolo & Dufwenberg, Martin, 2009. "Dynamic psychological games," Journal of Economic Theory, Elsevier, vol. 144(1), pages 1-35, January.
    20. Gömöri, András, 2005. "Nyugdíjrendszer és játékelmélet. Megjegyzések Mészáros József cikkéhez [The pension system and game theory. Remarks on the article by József Mészáros]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 732-742.
    21. Hausken, Kjell, 2007. "Reputation, incomplete information, and differences in patience in repeated games with multiple equilibria," Economics Letters, Elsevier, vol. 97(2), pages 138-144, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:gamebe:v:62:y:2008:i:2:p:643-660. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622836 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.