Browsing by Author "Daniëls, Tijmen R."

Now showing items 1-3 of 3

2010-01-21Diskussionspapier

Characterising Equilibrium Selection in Global Games with Strategic Complementarities

Basteck, Christian; Daniëls, Tijmen R.; Heinemann, Frank

Global games are widely used for equilibrium selection to predict behaviour in complete information games with strategic complementarities. We establish two results on the global game selection. First, we show that it is ...
2013-01-16Diskussionspapier

Crossing Network versus Dealer Market

Dönges, Jutta; Heinemann, Frank; Daniëls, Tijmen R.

The allocation of order flow to alternative trading systems can be understood as a game with strategic substitutes between buyers on the same side of the market, as well as one of positive network externalities. We consider ...
2010-12-21Diskussionspapier

Every Symmetric 3 x 3 Global Game of Strategic Complementarities Is Noise Independent

Basteck, Christian; Daniëls, Tijmen R.

We prove that the global game selection in all 3 x 3 payoff-symmetric supermodular games is independent of the noise structure. As far as we know, all other proofs of noise independence of such games rely on the existence ...