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Preempting versus Postponing: the Stealing Game

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  • Andrea Gallice

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.

Suggested Citation

  • Andrea Gallice, 2012. "Preempting versus Postponing: the Stealing Game," Carlo Alberto Notebooks 281, Collegio Carlo Alberto.
    • Handle: RePEc:cca:wpaper:281
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    References listed on IDEAS

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    1. John C. Harsanyi & Reinhard Selten, 1988. "A General Theory of Equilibrium Selection in Games," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262582384, December.
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    9. , & ,, 2008. "Caller Number Five and related timing games," Theoretical Economics, Econometric Society, vol. 3(2), June.
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    Cited by:

    1. David Reitter & Jens Grossklags, 2019. "The Positive Impact of Task Familiarity, Risk Propensity, and Need For Cognition on Observed Timing Decisions in a Security Game," Games, MDPI, vol. 10(4), pages 1-18, December.

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    More about this item

    Keywords

    stealing; endogenous timing games.;

    JEL classification:

    • 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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