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This paper generalizes the classical existence results for games with discontinuous payoffs, developed by Dasgupta and Maskin in 1986. This new existence result is then applied to a simple duopoly model with quantity precommitment and Bertrand competition. Copyright 1997 by Blackwell Publishing...
Persistent link: https://www.econbiz.de/10005251452
This paper provides a general framework for analysing rational learning in strategic situations in which the players have private priors and private information. The author analyses the behaviour of Bayesian rational players both in a repeated game and in a recurrent game when they are uncertain...
Persistent link: https://www.econbiz.de/10005676095