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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title A "fractal" solution to the chopstick auction
Organization Unit
  • Christian Ewerhart
  • English
Institution University of Zurich
Series Name Working paper series / Department of Economics
Number 229
ISSN 1664-7041
Number of Pages 22
Date 2017
Abstract Text This paper constructs a novel equilibrium in the chopstick auction of Szentes and Rosenthal (Games and Economic Behavior, 2003a, 2003b). In contrast to the existing solution, the identified equilibrium strategy allows a simple and intuitive characterization. Moreover, its best-response set has the same Hausdorff dimension as its support, which may be seen as a robustness property. The analysis also reveals some new links to the literature on Blotto games.
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Keywords Chopstick auction, exposure problem, self-similarity, Blotto games, Auktion, Gleichgewichtsmodell, kooperatives Verhalten
Additional Information Revised version