Search Games with Asymmetric Information
Speaker
Yuval Heller
Date
10/12/2019 - 13:00 - 11:30Add To Calendar
2019-12-10 11:30:00
2019-12-10 13:00:00
Search Games with Asymmetric Information
(joint with Gilad Bavly and Amnon Schreiber)
Abstract: We analyse games in which players search for a hidden prize, where each player has private information regarding the location of the prize. We present conditions on the game’s payoff that are sufficient for the game to admit a socially-optimal equilibrium, and we demonstrate the necessity of these conditions. Next, we present lower bounds for the optimal social payoff that can be obtained in these games. The results have interesting implications for innovation contests and R&D races.
Faculty Lounge, Building 504, First Floor
אוניברסיטת בר-אילן - Department of Economics
Economics.Dept@mail.biu.ac.il
Asia/Jerusalem
public
Place
Faculty Lounge, Building 504, First Floor
Affiliation
Bar-Ilan University
Abstract
(joint with Gilad Bavly and Amnon Schreiber)
Abstract: We analyse games in which players search for a hidden prize, where each player has private information regarding the location of the prize. We present conditions on the game’s payoff that are sufficient for the game to admit a socially-optimal equilibrium, and we demonstrate the necessity of these conditions. Next, we present lower bounds for the optimal social payoff that can be obtained in these games. The results have interesting implications for innovation contests and R&D races.
Last Updated Date : 05/12/2019
