Preempting versus Postponing: the Stealing Game
Abstract
We present an endogenous timing game of action commitment in which play- ers can steal from each other parts of a homogeneous and perfectly divisible pie and the expected effectiveness of a player?s theft is proportional to the amount he currently owns. We show how the incentives to preempt or to follow the rivals change with the number of players involved in the game and we inves- tigate the conditions that lead to the occurrence of symmetric or asymmetric equilibria.Download Info
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Paper provided by Collegio Carlo Alberto in its series Carlo Alberto Notebooks with number 281.Length: 22 pages
Date of creation: 2012
Date of revision:
Handle: RePEc:cca:wpaper:281
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Related research
Keywords: stealing; endogenous timing games.;Other versions of this item:
- Andrea Gallice, 2008. "Preempting versus Postponing: the Stealing Game," ICER Working Papers 02-2008, ICER - International Centre for Economic Research.
- Gallice, Andrea, 2008. "Preempting versus Postponing: the Stealing Game," MPRA Paper 10256, University Library of Munich, Germany.
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-02-16 (All new papers)
- NEP-HPE-2013-02-16 (History & Philosophy of Economics)
References
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