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Equilibrium Selection in Hawk-Dove Games

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Abstract

In Hawk-Dove games with mulitiplicity of equilibria, we study which equilibria are selected using various equilibrium selection methods. Using a uniform price auction as an illustrative example, we apply the tracing procedure method of Harsanyi and Selten (1988), the robustness to strategic uncertainty method of Andersson, Argenton and Weibull (2014), and the quantal response method of McKelvey and Palfrey (1998) to predict which equilibrium is selected by the players and how changes to the various model parameters impact the selected equilibria.

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  • Blázquez, Mario & Koptyug, Nikita, 2022. "Equilibrium Selection in Hawk-Dove Games," Discussion Papers 2022/12, Norwegian School of Economics, Department of Business and Management Science.
    • Handle: RePEc:hhs:nhhfms:2022_012
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    More about this item

    Keywords

    Hawk-Dove games; equilibrium selection; tracing procedure method; robustness to strategic uncertainty method; quantal response method;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design

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