Theory and Decision

, Volume 80, Issue 3, pp 451–462

Optimal stealing time

Article

DOI: 10.1007/s11238-015-9507-y

Cite this article as:
Gallice, A. Theory Decis (2016) 80: 451. doi:10.1007/s11238-015-9507-y
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Abstract

We study a dynamic game in which players can steal parts of a homogeneous and perfectly divisible pie from each other. The effectiveness of a player’s theft is a random function which is stochastically increasing in the share of the pie the agent currently owns. We show how the incentives to preempt or to follow the rivals change with the number of players involved in the game and investigate the conditions that lead to the occurrence of symmetric or asymmetric equilibria.

Keywords

Stealing Stochastic games Optimal timing Pie allocation 

Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  1. 1.Department of Economics and StatisticsUniversity of Torino and Collegio Carlo AlbertoTorinoItaly

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