The paper studies equilibrium selection in supermodular games based on a class of perfect foresight dynamics, introduced by Matsui and Matsuyama (JET 1995) and further developed by Hofbauer and Sorger (JET 1999, IGTR 2002) and Oyama (JET 2002). A normal form game is played repeatedly in a large...

We consider a homogenous good oligoply with identical consumers who learn about prices either by (sequentially) visiting firms or by consulting a price agency who sells information about which firm charges the lowest price. In the sequential equilibrium with maximal trade and minimal search,...