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Research Details

The Hedgehog Dilemma, Journal of Mathematical Economics

Abstract

This paper develops a basic model of closeness where people have optimal distances they want to keep from each other. When optimal distances differ, mixed strategies are inevitable in equilibrium. This may lead to unique and completely one-sided equilibrium outcomes where some cannot obtain anything except for what is best for others.

Type

Article

Author(s)

Alvaro Sandroni

Date Published

2019

Citations

Sandroni, Alvaro. 2019. The Hedgehog Dilemma. Journal of Mathematical Economics. 82: 184-196.

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