Hiding or revealing: their indirect evolution in the Acquiring-a-Company game

IF 0.6 Q4 ECONOMICS

Evolutionary and Institutional Economics Review Pub Date : 2022-01-29 DOI:10.1007/s40844-022-00231-x

Werner Güth, Stefan Napel

引用次数: 0

Abstract

The Acquiring-a-Company game of Bazerman and Samuelson (J Confl Resolut 27(4):618–634, 1983) is modified by letting the privately informed seller send a numerical value message to the prospective buyer. A population of sellers reveal or hide their private information according to their categorical type rather than by engaging in consequentialistic decision-making. Population shares of the types evolve according to expected profits (fitness). The analysis illustrates how specific institutional and behavioral aspects shape the creation of surplus in the market and possibilities for maintaining a positive share of revealing sellers.

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隐藏或暴露:它们在收购公司游戏中的间接演变

Bazerman和Samuelson (J Confl决议27(4):618-634,1983)的收购公司博弈被修改为让私下知情的卖方向潜在买方发送一个数值信息。一群卖家根据他们的分类类型透露或隐藏他们的私人信息，而不是通过参与结果主义的决策。这些类型的种群份额根据预期利润(适应度)而进化。该分析说明了具体的制度和行为方面如何塑造市场盈余的创造，以及保持暴露卖家积极份额的可能性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Evolutionary and Institutional Economics Review ECONOMICS-

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期刊介绍： The Evolutionary and Institutional Economics Review (EIER) is issued by the Japan Association for Evolutionary Economics to provide an international forum for new theoretical and empirical approaches to evolutionary and institutional economics. EIER, free from the view of equilibrium economics and methodological individualism, should face the diversity of human behavior and dynamic transformation of institutions. In EIER, “economics” is used in its broadest sense. It covers areas from the classic research in economic history, economic thought, economic theory, and management science to emerging research fields such as economic sociology, bio-economics, evolutionary game theory, agent-based modeling, complex systems study, econo-physics, experimental economics, and so on. EIER follows the belief that a truly interdisciplinary discussion is needed to propel the investigation in the dynamic process of socio-economic change where institutions as emergent outcomes of human actions do matter. Although EIER is an official journal of the Japan Association for Evolutionary Economics, it welcomes non-members'' contributions from all parts of the world. All the contributions are refereed under strict scientific criteria, although EIER does not apply monolithic formalistic measure to them. Evolution goes hand in hand with diversities; this is also the spirit of EIER. Focus areas of the Review (not exhaustive): - Foundations of institutional and evolutionary economics - Criticism of mainstream views in the social sciences - Knowledge and learning in socio-economic life - Development and innovation of technologies - Transformation of industrial organizations and economic systems - Experimental studies in economics - Agent-based modeling of socio-economic systems - Evolution of the governance structure of firms and other organizations - Comparison of dynamically changing institutions of the world - Policy proposals in the transformational process of economic life