We de…ne feasible, posterior individually rational solutions for twoperson Bayesian games with a single informed player. Such a solution can be achieved by direct signalling fro...
In Aumann (1995) and Aumann (1998), time is assumed implicitly in the description of games of perfect information, and it is part of the epistemic distinction between ex-ante and e...
We study a class of two-player common-value all-pay auctions (contests) with asymmetric information under the assumption that one of the players has an information advantage over ...