NDLI: Information acquisition interactions in two-player quadratic games

Content Provider	Springer Nature Link
Author	Jiménez Martínez, Antonio
Copyright Year	2013
Abstract	This paper considers two-player quadratic games to examine the relation between strategic interactions in actions and in information decisions. We analyze the role of external effects and of the relative intensities with which the players’ actions interact with the uncertain payoff-relevant parameter. We show that, under some conditions on the quadratic preferences, information choices become substitutes when actions are sufficiently complementary. When attention is restricted to beauty contest games, our results contrast qualitatively with the case studied by Hellwig and Veldkamp (Review of Economic Studies, 76(1)223–251, 2009), where the set of players is a continuum.
Starting Page	455
Ending Page	485
Page Count	31
File Format	PDF
ISSN	00207276
Journal	International Journal of Game Theory
Volume Number	43
Issue Number	2
e-ISSN	14321270
Language	English
Publisher	Springer Berlin Heidelberg
Publisher Date	2013-08-01
Publisher Place	Berlin, Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Incomplete information Information acquisition Strategic complements Strategic substitutes Externalities Economic Theory Game Theory, Economics, Social and Behav. Sciences Operations Research/Decision Theory Game Theory/Mathematical Methods
Content Type	Text
Resource Type	Article
Subject	Statistics and Probability Social Sciences Economics and Econometrics Statistics, Probability and Uncertainty

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Information acquisition interactions in two-player quadratic games