Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10011913734
Persistent link: https://www.econbiz.de/10012175438
Persistent link: https://www.econbiz.de/10012138055
Persistent link: https://www.econbiz.de/10014450004
In Farrell and Maskin (1989), the authors present sufficient conditions for weakly renegotiation-proof payoffs in their Theorem 1 (p. 332). We show that a step in the proof of this theorem is not correct by giving a counterexample. Nevertheless, the sufficient conditions remain true, and we...
Persistent link: https://www.econbiz.de/10011639580
An equilibrium is communication-proof if it is unaffected by new opportunities to communicate and renegotiate. We characterize the set of equilibria of coordination games with pre-play communication in which players have private preferences over the feasible coordinated outcomes....
Persistent link: https://www.econbiz.de/10013210917
We define and characterize the set of renegotiation-proof equilibria of coordination games with pre-play communication in which players have private preferences over the feasible coordinated outcomes. Renegotiation-proof equilibria provide a narrow selection from the large set of qualitatively...
Persistent link: https://www.econbiz.de/10012847894
An equilibrium is communication-proof if it is unaffected by new opportunities to communicate and renegotiate. We characterize the set of equilibria of coordination games with preplay communication in which players have private preferences over the feasible coordinated outcomes....
Persistent link: https://www.econbiz.de/10014082630