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Jointly controlled lotteries with biased coins

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  • Solan, Eilon
  • Solan, Omri N.
  • Solan, Ron

Abstract

We study the implementation of a jointly controlled lottery when the coins that are used by the players are exogenously given. We apply this result to show that every quitting game in which at least two players have at least two continue actions has an undiscounted ε-equilibrium, for every ε>0.

Suggested Citation

  • Solan, Eilon & Solan, Omri N. & Solan, Ron, 2020. "Jointly controlled lotteries with biased coins," Games and Economic Behavior, Elsevier, vol. 119(C), pages 383-391.
    • Handle: RePEc:eee:gamebe:v:119:y:2020:i:c:p:383-391
    DOI: 10.1016/j.geb.2018.11.008
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    References listed on IDEAS

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    Cited by:

    1. Eilon Solan & Omri N. Solan, 2021. "Sunspot equilibrium in positive recursive general quitting games," International Journal of Game Theory, Springer;Game Theory Society, vol. 50(4), pages 891-909, December.

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    More about this item

    Keywords

    Jointly controlled lotteries; Biased coin; Quitting games; Undiscounted equilibrium; Uniform equilibrium;
    All these keywords.

    JEL classification:

    • C65 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Miscellaneous Mathematical Tools
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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