Games, Volume 13, Issue 4

The present paper introduces a theoretical framework through which the degree of risk aversion with respect uncertain prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper introduce...

Yellow fever is a vector-borne acute viral hemorrhagic disease. It is endemic in tropical areas of Africa and Latin America but demonstrated the potential for international spread during the 2016 outbreak in Luanda, Angola. Yellow fever can be preven...

This paper presents a simple formal theoretical model to explain why citizens in authoritarian regimes trust the illiberal official media more than the commercial media. Media trust is defined as changes in the citizen’s belief based on good or...

Does party polarization affect the electoral prospects of a new centrist candidate? The paper investigates this question in the context of a laboratory experiment where a centrist candidate is added to the race between a left candidate and a right ca...

Nowadays, rating systems play a crucial role in the attraction of customers to different services. However, as it is difficult to detect a fake rating, fraudulent users can potentially unfairly impact the rating’s aggregated score. This fraudul...

On taking the intermediate value theorem (IVT) and its converse as a point of departure, this paper connects the intermediate value property (IVP) to the continuity postulate typically assumed in mathematical economics, and to the solvability axiom t...

Reserve prices are used by sellers to modify the allocation induced by standard auctions. The existing literature has shown that, if the number of bidders is fixed, a reserve price can be used to increase expected revenues. This comes at the expense...

I experimentally investigate how vague language changes the nature of communication in a biased strategic information transmission game. Counterintuitively, when both precise and imprecise messages can be sent, in aggregate, senders are more accurate...

We study a game theoretic model of a parliamentary democracy under proportional representation where ideologically motivated citizen groups form parties, voting occurs and governments are formed. We study the coalition governments that emerge as func...