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Bargaining under Incomplete Information
Operations Research, 1983This paper presents and analyzes a bargaining model of bilateral monopoly under uncertainty. Under the bargaining rule proposed, the buyer and the seller each submit sealed offers that determine whether the good in question is sold and the transfer price.
Chatterjee, Kalyan, Samuelson, William
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Strategic Investment Under Incomplete Information
SSRN Electronic Journal, 2011Abstract This paper studies how hiding sunk cost of investment would affect investment strategies in a duopoly. The investment would improve profit. If this improvement is larger for the first mover than the second mover, this study finds a unique symmetric equilibrium for a subset of such cases.
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games with incomplete information
1987Classical economic models almost universally assume that the resources and preferences of individuals (or firms) are known not only to the individuals themselves but also to their competitors. In practice, this assumption is rarely correct. Once the attempt is made to include uncertainty (not just about the environment but also about other strategic ...
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Rank annihilation with incomplete information
Analytical Chemistry, 1986Technique pour determiner quantitativement un compose connu en presence d'un environnement variable d'inconnus. Il faut des donnees multidimensionnelles que l'on peut considerer comme la somme des composants connus ou non. Chacun des composants est represente par le produit exterieur de vecteurs.
D H, Burns, J B, Callis, G D, Christian
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ASYMMETRICAL INFORMATION AND INCOMPLETE MARKETS
International Journal of Theoretical and Applied Finance, 2001This paper is an extension of [13] where we have studied a financial market with informed and non-informed agents. The informed agent has an initial insider information. We analyze the completeness of the market and the family of risk-neutral probabilities. Some cases of arbitrage opportunities are done.
Grorud, Axel, Pontier, Monique
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Coarse Matching with Incomplete Information
SSRN Electronic Journal, 2008The authors study two-sided markets with heterogeneous, privately informed agents who gain from being matched with better partners from the other side. The paper focuses on a priori suboptimal mechanisms which under some settings may become optimal once transaction costs associated with more complex mechanisms are taken into account.
Hoppe, Heidrun C. +2 more
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Network games with incomplete information
Journal of Mathematical Economics, 2015We consider a network game with strategic complementarities where the individual reward or the strength of interactions is only partially known by the agents. Players receive different correlated signals and they make inferences about other players’ information. We demonstrate that there exists a unique Bayesian-Nash equilibrium.
De Martí, Joan, Zenou, Yves
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Sequential Bargaining with Incomplete Information
The Review of Economic Studies, 1983This paper describes a simple two-person, two-period bargaining game, and solves it using the concept of perfect Bayesian equilibrium, in which the actions of each player convey information which is used by his opponent. The paper examines the effects of changes in bargaining costs, the size of the "contract zone", and the length of the bargaining ...
Fudenberg, Drew, Tirole, Jean
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Representation of Incomplete Probabilistic Information
2004This article deals with the representation of incomplete, vague knowledge and presents a nonexhaustive list of knowledge types which can be encountered when one makes risk evaluation calculations for man and environment. We will try to represent for each case the available information faithfully using different theories (possibility, probability ...
Baudrit, Cédric +2 more
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Formalizing Incomplete Information
1997This chapter motivates and describes a representation for incomplete information and an implementation of that representation to track possible world states despite incomplete information. Section 3.1 describes the sources of incomplete information faced by a control system.
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