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1. By slightly growing his provide participant i can increase the likelihood of successful the competition from 1/(n  1) to 1. Again, this will increase his expected monetary payoff and it turns the inequality toward the opposite proposers to his advantage. Therefore, s  1 can’t be part of a subgame good equilibrium. Hence, the only equilibrium candidate is that no less than two sellers supply s  1. This is a subgame excellent equilibrium since all sellers obtain a payoff of 0 and no participant can change this outcome by changing his motion. The formal proof in the appendix extends this argument to the potential for mixed methods. This extension also shows that the aggressive The hottest product skull cannabis i bet my soul smells like weed leaf rompersconsequence should be the distinctive equilibrium consequence within the sport with incomplete information where proposers have no idea each others’ utility functions. Proposition 2 offers an explanation for why markets in all 4 nations in which Roth et al. conducted this experiment shortly converged to the competitive end result although the outcomes of the ultimatum recreation, which have also been carried out in these nations, are consistent with the view that the distribution of

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