Scandinavian Working Papers in Business Administration
Discussion Papers,
Norwegian School of Economics, Department of Business and Management Science
No 2022/12: Equilibrium Selection in Hawk-Dove Games
Mario Blázquez () and Nikita Koptyug ()
Additional contact information
Mario Blázquez: Dept. of Business and Management Science, Norwegian School of Economics, Postal: NHH , Department of Business and Management Science, Helleveien 30, N-5045 Bergen, Norway
Nikita Koptyug: Research Institute of Industrial Economics, Postal: Research Institute of Industrial Economics, Grevgatan 34, 2nd floor, Box 55665, SE-102 15 Stockholm, Sweden
Abstract: In Hawk-Dove games with mulitiplicity of equilibria, we study which equilibria are selected using various equilibrium selection methods. Using a uniform price auction as an illustrative example, we apply the tracing procedure method of Harsanyi and Selten (1988), the robustness to strategic uncertainty method of Andersson, Argenton and Weibull (2014), and the quantal response method of McKelvey and Palfrey (1998) to predict which equilibrium is selected by the players and how changes to the various model parameters impact the selected equilibria.
Keywords: Hawk-Dove games; equilibrium selection; tracing procedure method; robustness to strategic uncertainty method; quantal response method
Language: English
38 pages, June 29, 2022
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