Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7359419 | Journal of Economic Theory | 2016 | 29 Pages |
Abstract
We consider two-player random extensive form games where the payoffs at the leaves are independently drawn at random from a given feasible set C. We study the asymptotic distribution of the subgame perfect equilibrium outcome for binary-trees with increasing depth in various random (or deterministic) assignments of players to nodes. We characterize the assignments under which the asymptotic distribution concentrates around a point. Our analysis provides a novel way with a solid strategic justification to implement a Pareto efficient outcome for two-player implementation problems.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Itai Arieli, Yakov Babichenko,