Kornhauser, Lewis; Rubinstein, Ariel; Wilson, Charles - In: Economica 56 (1989) 221, pp. 15-24
This article presents an approach to selecting among the many subgame-perfect equilibria that exist in a standard concession game with complete information. The authors extend the description of a game to include a specific "irrational" (mixed) strategy for each player. Depending on the...