Equilibrium Selection in Hawk-Dove Games
Mario Blázquez () and
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Mario Blázquez: Dept. of Business and Management Science, Norwegian School of Economics, Postal: NHH , Department of Business and Management Science, Helleveien 30, N-5045 Bergen, Norway, https://www.nhh.no/en/employees/faculty/mario-blazquez-de-paz/
No 2022/12, Discussion Papers from Norwegian School of Economics, Department of Business and Management Science
In Hawk-Dove games with mulitiplicity of equilibria, we study which equilibria are selected using various equilibrium selection methods. Using a uniform price auction as an illustrative example, we apply the tracing procedure method of Harsanyi and Selten (1988), the robustness to strategic uncertainty method of Andersson, Argenton and Weibull (2014), and the quantal response method of McKelvey and Palfrey (1998) to predict which equilibrium is selected by the players and how changes to the various model parameters impact the selected equilibria.
Keywords: Hawk-Dove games; equilibrium selection; tracing procedure method; robustness to strategic uncertainty method; quantal response method (search for similar items in EconPapers)
JEL-codes: C72 C79 D44 D47 (search for similar items in EconPapers)
Pages: 38 pages
New Economics Papers: this item is included in nep-gth and nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:nhhfms:2022_012
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