An equilibrium analysis of knaster`s fair division procedure

HIGHLIGHTS

• who: Matt Van Essen from the Department of Economics, Finance, and Legal Studies, University of Alabama, Tuscaloosa, AL , have published the research work: An Equilibrium Analysis of Knaster`s Fair Division Procedure, in the Journal: Games 2013, 4, 21-37 of 19/Oct/2012
• what: Specifically, the authors show that, on average, there is no difference in the truth telling outcome and the equilibrium outcome. To establish this claim, the authors demonstrate that the bid of the lowest type player is diverging from the truth as the number of players increases. Now, the authors show . . .
  

   

  

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