Jointly controlled lotteries with biased coins

Eilon Solan, Omri N. Solan and Ron Solan

Games and Economic Behavior, 2020, vol. 119, issue C, 383-391

Abstract: We study the implementation of a jointly controlled lottery when the coins that are used by the players are exogenously given. We apply this result to show that every quitting game in which at least two players have at least two continue actions has an undiscounted ε-equilibrium, for every ε>0.

Keywords: Jointly controlled lotteries; Biased coin; Quitting games; Undiscounted equilibrium; Uniform equilibrium (search for similar items in EconPapers)
JEL-codes: C65 C72 C73 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:119:y:2020:i:c:p:383-391

DOI: 10.1016/j.geb.2018.11.008

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