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For two person games, stable sets in the sense of Kohlberg and Mertens and quasi-stable sets in the sense of Hillas are finite. In this paper we present an example to show that these sets are not necessarily finite in games with more than two players.
Persistent link: https://www.econbiz.de/10005371490
Hillas (1990) introduced a definition of strategic stability based on perturbations of the best reply correspondence that satisfies all of the requirements given by Kohlberg and Mertens (1986). Hillas et al. (2001) point out though that the proofs of the iterated dominance and forward induction...
Persistent link: https://www.econbiz.de/10005155664
For two person games, stable sets in the sense of Kohlberg and Mertens and quasi-stable sets in the sense of Hillas are finite. In this paper we present an example to show that these sets are not necessarily finite in games with more than two players.
Persistent link: https://www.econbiz.de/10005062376
Persistent link: https://www.econbiz.de/10006418791
Persistent link: https://www.econbiz.de/10005929963
For two person games, stable sets in the sense of Kohlberg and Mertens and quasi-stable sets in the sense of Hillas are finite. In this paper we present an example to show that these sets are not necessarily finite in games with more than two players
Persistent link: https://www.econbiz.de/10014060692