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Persistent link: https://www.econbiz.de/10009696162
Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning … that possesses a self-confirming equilibrium in extensive-form rationalizable strategies. This notion of equilibrium can be …
Persistent link: https://www.econbiz.de/10012509154
case I provide conditions under which only a very simple class of mechanisms is posted in equilibrium. -- Directed search … ; efficiency ; multiplicity of equilibrium …
Persistent link: https://www.econbiz.de/10008657338
with unawareness, define equilibrium, and prove existence. We show how equilibria are extended naturally from lower to … investigate the robustness of equilibria to uncertainty about opponents' awareness of actions. We show that a Nash equilibrium of …
Persistent link: https://www.econbiz.de/10010240317
We provide a general notion of perfect Bayesian equilibrium which can be applied to arbitrary extensive-form games and … is intermediate between subgame-perfect equilibrium and sequential equilibrium. The essential ingredient of the proposed … revision. -- belief revision ; plausibility order ; consistency ; subgame-perfect ; equilibrium ; sequential equilibrium …
Persistent link: https://www.econbiz.de/10009542513
hedonic methods may overstate the price decline of personal computers. We model computers as a durable good and suppose that … the true price of computer services at the time the machine is purchased with the concurrent level of software. To assess … these theoretical results we estimate the model and find that before 2000 the hedonic price index constructed with BLS …
Persistent link: https://www.econbiz.de/10003728001
Persistent link: https://www.econbiz.de/10011997719