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Equilibrium Selection in Multi-Player Games with Auction Applications
Auction Applications Equilibrium Selection
2015/7/21
We introduce two new equilibrium renements for nite normal
form games, both of which incorporate the intuitive idea that a costless
deviation by one player is more likely than a costly deviation b...
Inventories, Return Policy, and Equilibrium Price Dispersion under Demand Uncertainty
Returns policy demand uncertainty oligopoly
2008/1/17
AbstractReturns policies are often thought of as devices to prevent a manufacturer’s product from being discounted. It is commonly argued that such discounting discourages inventory holdings, and ther...