Van Damme [1984] introduces the concept of quasi-perfect equilibrium, which re-fines sequential equilibrium as well as normal-form perfect equilibrium. It has been argued by Mertens [1995] that quasi-perfection is conceptually superior to extensive-form perfection, since quasi-perfection...

The computational study of games is receiving increasing attention both in game theory and computer science. The challenge is distinguishing computationally tractable problems (also said easy), admitting polynomial–time algorithms, from the intractable ones (also said hard). In this paper, we...

Why was the same state in China able to promote economic growth in the reform era but not in the previous thirty years? In this paper we focus on a specific aspect that might help the search for a comprehensive explanation: the specific institutional arrangement that induced autocratic...

This paper generalizes the classical existence results for games with discontinuous payoffs, developed by Dasgupta and Maskin in 1986. This new existence result is then applied to a simple duopoly model with quantity precommitment and Bertrand competition. Copyright 1997 by Blackwell Publishing...