Consider n identical agents holding stock of the company Con…
Consider n identical agents holding stock of the company ContestHalt, with the following payoff function for a representative agent i: POi= min{p1, p2, p3, …pi, …pn, 10} – 0.01pi^2 Where p1 is the price chosen by agent 1, p2 the price chosen by agent 2, and so on, with an exponential cost of finding a buyer as the chosen price for an agent increases, regardless of the actual price received, though due to the fundamentals of the stock the sale price will not go below 10. What is the highest price that occurs in a PSNE in this game?
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