Dissolving a partnership securely View Full Text


Ontology type: schema:ScholarlyArticle     


Article Info

DATE

2019-02-20

AUTHORS

Matt Van Essen, John Wooders

ABSTRACT

We characterize security strategies and payoffs for three mechanisms for dissolving partnerships: the Texas Shoot-Out, the K+1 auction, and the compensation auction. A security strategy maximizes a participant’s minimum payoff, and represents a natural starting point for analysis when a participant is either uncertain of the environment or uncertain of whether his rivals will play equilibrium. For the compensation auction, a dynamic dissolution mechanism, we introduce the notion of a perfect security strategy. Such a strategy maximizes a participant’s minimum payoff along every path of play. We show that while a player has many security strategies in the compensation auction, he has a unique perfect security strategy. More... »

PAGES

1-20

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/s00199-019-01177-9

DOI

http://dx.doi.org/10.1007/s00199-019-01177-9

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1112261830


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