Leadership games with convex strategy sets

B-Tier
Journal: Games and Economic Behavior
Year: 2010
Volume: 69
Issue: 2
Pages: 446-457

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A basic model of commitment is to convert a two-player game in strategic form to a "leadership game" with the same payoffs, where one player, the leader, commits to a strategy, to which the second player always chooses a best reply. This paper studies such leadership games for games with convex strategy sets. We apply them to mixed extensions of finite games, which we analyze completely, including nongeneric games. The main result is that leadership is advantageous in the sense that, as a set, the leader's payoffs in equilibrium are at least as high as his Nash and correlated equilibrium payoffs in the simultaneous game. We also consider leadership games with three or more players, where most conclusions no longer hold.

Technical Details

RePEc Handle
repec:eee:gamebe:v:69:y:2010:i:2:p:446-457
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29