receive from an outside source, or mechanism. This allows for more equilibrium outcomes than without such messages (pure-strategy … equilibrium) or with statistically independent ones (mixed-strategy equilibrium). In an incomplete information game, the messages …

(undirected two-terminal) network provides information about the existence of pure-strategy Nash equilibrium in the game. For some …

stability include evolutionarily stable strategy (ESS) and continuously stable strategy (CSS), both of which are meaningful or … strategy space, respectively. This paper presents a general notion of local static stability, of which the above two are …-discrete strategy spaces. …

In a number of large, important families of finite games, not only do pure-strategy Nash equilibria always exist but … they are also reachable from any initial strategy profile by some sequence of myopic single-player moves to a better or … best-response strategy. This weak acyclicity property is shared, for example, by all perfect-information extensive …

implications of separability for the existence of pure-strategy Nash equilibrium and the prospects of spontaneous convergence to …

frictionless equilibrium view; (ii) the chain reaction theory, or prolonged adjustment view; and (iii) the hysteresis view. While …

these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …