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The Dollar Auction game: a paradox in noncooperative behavior and escalation

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  • Martin Shubik

    (Department of Administrative Sciences, Yale University)

Abstract

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Suggested Citation

  • Martin Shubik, 1971. "The Dollar Auction game: a paradox in noncooperative behavior and escalation," Journal of Conflict Resolution, Peace Science Society (International), vol. 15(1), pages 109-111, March.
    • Handle: RePEc:sae:jocore:v:15:y:1971:i:1:p:109-111
    DOI: 10.1177/002200277101500111
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    Citations

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    Cited by:

    1. Andrea Morone & Simone Nuzzo & Rocco Caferra, 2019. "The Dollar Auction Game: A Laboratory Comparison Between Individuals and Groups," Group Decision and Negotiation, Springer, vol. 28(1), pages 79-98, February.
    2. Justin S. Skillman & Michael J. Vernarelli, 2016. "Framing effects on bidding behavior in experimental first-price sealed-bid money auctions," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 11(4), pages 391-400, July.
    3. Pierre Lescanne, 2013. "A simple case of rationality of escalation," Post-Print ensl-00832490, HAL.
    4. Kolpin, Van, 2014. "Endogenous convention, prejudice, and trust in demographic summary games," Journal of Mathematical Economics, Elsevier, vol. 52(C), pages 128-133.
    5. Zhongmin Wang & Minbo Xu, 2016. "Empirical Evidence on Competition and Revenue in an All-Pay Contest," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 49(3), pages 429-448, November.
    6. Matteo Migheli, 2017. "The winner’s curse in auctions with losses," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 16(1), pages 113-126, November.
    7. Wang, Zhongmin & Xu, Minbo, 2016. "Selling a dollar for more than a dollar? Evidence from online penny auctions," Information Economics and Policy, Elsevier, vol. 36(C), pages 53-68.
    8. Bernhardt, Martin & Spann, Martin, 2010. "An Empirical Analysis of Bidding Fees in Name-your-own-price Auctions," Journal of Interactive Marketing, Elsevier, vol. 24(4), pages 283-296.
    9. Alcalde, José & Dahm, Matthias, 2008. "The Complete Information First. Price Auction or the Importance of Being Indivisible," Working Papers 2072/13264, Universitat Rovira i Virgili, Department of Economics.
    10. A. Madureira & F. Hartog & N. Baken, 2016. "A holonic framework to understand and apply information processes in evolutionary economics: survey and proposal," Netnomics, Springer, vol. 17(2), pages 157-190, September.
    11. Mark Broom & Jan Rychtář, 2018. "Evolutionary Games with Sequential Decisions and Dollar Auctions," Dynamic Games and Applications, Springer, vol. 8(2), pages 211-231, June.
    12. Pradeep, Siddhartha, 2019. "Game theory, Strategies and the convoluted triangle - India, Pakistan, Kashmir," EconStor Preprints 195929, ZBW - Leibniz Information Centre for Economics.
    13. Migheli, Matteo, 2012. "It is not just escalation: The one dollar game revisited," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(4), pages 434-438.
    14. Pavlović, Dušan & Arandarenko, Mihail, 2011. "Serbia: equity and efficiency – hand-in-hand," SEER Journal for Labour and Social Affairs in Eastern Europe, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 14(2), pages 169-184.
    15. repec:cup:judgdm:v:11:y:2016:i:4:p:391-400 is not listed on IDEAS
    16. Delbono, Flavio & Lambertini, Luca, 2018. "Folk theorems in a class of additively separable games," Mathematical Social Sciences, Elsevier, vol. 92(C), pages 10-15.
    17. Hinnosaar, Toomas, 2016. "Penny auctions," International Journal of Industrial Organization, Elsevier, vol. 48(C), pages 59-87.
    18. Stanley M. Besen & Joseph Farrell, 1994. "Choosing How to Compete: Strategies and Tactics in Standardization," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 117-131, Spring.

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