The Texas Shoot-Out under Knightian uncertainty
Bauch G, Riedel F (2024)
Games and Economic Behaviour 146: 35-50.
Zeitschriftenaufsatz
| Veröffentlicht | Englisch
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Abstract / Bemerkung
We investigate a widely used mechanism to resolve disputes among business partners, known as Texas Shoot -Out, under Knightian uncertainty. For a non -degenerate range of intermediate valuations, an ambiguity -averse divider truthfully reveals their valuation in equilibrium. As a consequence, the resulting outcome is efficient, in contrast to the Bayesian case. With equal shares, both agents prefer ex -ante to be the chooser and would like to avoid triggering the mechanism in the first place.
Stichworte
Knightian uncertainty in games;
Texas Shoot-Out;
Partnership dissolution
Erscheinungsjahr
2024
Zeitschriftentitel
Games and Economic Behaviour
Band
146
Seite(n)
35-50
ISSN
0899-8256
eISSN
1090-2473
Page URI
https://pub.uni-bielefeld.de/record/2990761
Zitieren
Bauch G, Riedel F. The Texas Shoot-Out under Knightian uncertainty. Games and Economic Behaviour . 2024;146:35-50.
Bauch, G., & Riedel, F. (2024). The Texas Shoot-Out under Knightian uncertainty. Games and Economic Behaviour , 146, 35-50. https://doi.org/10.1016/j.geb.2024.04.009
Bauch, Gerrit, and Riedel, Frank. 2024. “The Texas Shoot-Out under Knightian uncertainty”. Games and Economic Behaviour 146: 35-50.
Bauch, G., and Riedel, F. (2024). The Texas Shoot-Out under Knightian uncertainty. Games and Economic Behaviour 146, 35-50.
Bauch, G., & Riedel, F., 2024. The Texas Shoot-Out under Knightian uncertainty. Games and Economic Behaviour , 146, p 35-50.
G. Bauch and F. Riedel, “The Texas Shoot-Out under Knightian uncertainty”, Games and Economic Behaviour , vol. 146, 2024, pp. 35-50.
Bauch, G., Riedel, F.: The Texas Shoot-Out under Knightian uncertainty. Games and Economic Behaviour . 146, 35-50 (2024).
Bauch, Gerrit, and Riedel, Frank. “The Texas Shoot-Out under Knightian uncertainty”. Games and Economic Behaviour 146 (2024): 35-50.
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