Table 2.

Theoretical predictions about offer and acceptance strategies.

Game 15Game 25Game 30
AskAcceptAskAcceptAskAccept
MPE strong101013.5511.4516.6713.33
MPE weak10108.556.456.674.17
Markov Reversion strong101011.2511.25
Markov Reversion weak10108.758.75
Carrot and Stick strong1010|$(11\frac{1}{9},14\frac{4}{9})$||$(11\frac{1}{9},14\frac{4}{9})$||$(11\frac{1}{9},17\frac{7}{9})$||$(11\frac{1}{9},17\frac{7}{9})$|
Carrot and Stick weak1010|$(5\frac{5}{9},8\frac{8}{9})$||$(5\frac{5}{9},8\frac{8}{9})$||$(2\frac{2}{9},8\frac{8}{9})$||$(2\frac{2}{9},8\frac{8}{9})$|
Game 15Game 25Game 30
AskAcceptAskAcceptAskAccept
MPE strong101013.5511.4516.6713.33
MPE weak10108.556.456.674.17
Markov Reversion strong101011.2511.25
Markov Reversion weak10108.758.75
Carrot and Stick strong1010|$(11\frac{1}{9},14\frac{4}{9})$||$(11\frac{1}{9},14\frac{4}{9})$||$(11\frac{1}{9},17\frac{7}{9})$||$(11\frac{1}{9},17\frac{7}{9})$|
Carrot and Stick weak1010|$(5\frac{5}{9},8\frac{8}{9})$||$(5\frac{5}{9},8\frac{8}{9})$||$(2\frac{2}{9},8\frac{8}{9})$||$(2\frac{2}{9},8\frac{8}{9})$|

Notes: The amounts players are predicted to ask to keep themselves when making offers and the minimum amounts they would be willing to accept are reported. When strong players make offers to both other strong players and weak players in the equilibrium, they ask to keep the same amount for themselves. The amounts reported are for when all players are still present in the market. When only two players (who can match to each other) are left in the market, there is a unique perfect equilibrium in which both players ask to keep 10 when proposing and are willing to accept offers that give them 10 or more. The amounts reported are for the limit as δ → 1.

Table 2.

Theoretical predictions about offer and acceptance strategies.

Game 15Game 25Game 30
AskAcceptAskAcceptAskAccept
MPE strong101013.5511.4516.6713.33
MPE weak10108.556.456.674.17
Markov Reversion strong101011.2511.25
Markov Reversion weak10108.758.75
Carrot and Stick strong1010|$(11\frac{1}{9},14\frac{4}{9})$||$(11\frac{1}{9},14\frac{4}{9})$||$(11\frac{1}{9},17\frac{7}{9})$||$(11\frac{1}{9},17\frac{7}{9})$|
Carrot and Stick weak1010|$(5\frac{5}{9},8\frac{8}{9})$||$(5\frac{5}{9},8\frac{8}{9})$||$(2\frac{2}{9},8\frac{8}{9})$||$(2\frac{2}{9},8\frac{8}{9})$|
Game 15Game 25Game 30
AskAcceptAskAcceptAskAccept
MPE strong101013.5511.4516.6713.33
MPE weak10108.556.456.674.17
Markov Reversion strong101011.2511.25
Markov Reversion weak10108.758.75
Carrot and Stick strong1010|$(11\frac{1}{9},14\frac{4}{9})$||$(11\frac{1}{9},14\frac{4}{9})$||$(11\frac{1}{9},17\frac{7}{9})$||$(11\frac{1}{9},17\frac{7}{9})$|
Carrot and Stick weak1010|$(5\frac{5}{9},8\frac{8}{9})$||$(5\frac{5}{9},8\frac{8}{9})$||$(2\frac{2}{9},8\frac{8}{9})$||$(2\frac{2}{9},8\frac{8}{9})$|

Notes: The amounts players are predicted to ask to keep themselves when making offers and the minimum amounts they would be willing to accept are reported. When strong players make offers to both other strong players and weak players in the equilibrium, they ask to keep the same amount for themselves. The amounts reported are for when all players are still present in the market. When only two players (who can match to each other) are left in the market, there is a unique perfect equilibrium in which both players ask to keep 10 when proposing and are willing to accept offers that give them 10 or more. The amounts reported are for the limit as δ → 1.

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