机制设计理论与应用.pptVIP

本文观看结束！！！ * * Contrast non-strategic situations: parties do not consider interactions Examples of non-strategic situations: small investor buying 100 Microsoft shares – not concerned about impact on other buyers/sellers household buying groceries – supermarket won’t change pricing or displays to take advantage of one household’s purchases Party could act non-strategically – but could do better by thinking and acting strategically. * Provides a guide to strategy: resolves problem of infinite regress -- my best strategy depends on competitors, her best depends on mine, etc. Example: ch