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and compactness cannot be invoked to show the existence of Pure Strategy Nash Equilibrium. We show that, when Best …
Persistent link: https://www.econbiz.de/10014177824
-strategy Nash equilibrium …
Persistent link: https://www.econbiz.de/10014145313
equilibrium. In an asynchronous setting, characterized by players updating their strategies at different frequencies, play tends …
Persistent link: https://www.econbiz.de/10014056756
equilibrium. We find that there is significantly more cooperation when actions exhibit strategic complementarities than in case of …
Persistent link: https://www.econbiz.de/10014056834
In this paper we consider dynamic processes, in repeated games, that are subject to the natural informational restriction of uncoupledness. We study the almost sure convergence to Nash equilibria, and present a number of possibility and impossibility results. Basically, we show that if in...
Persistent link: https://www.econbiz.de/10014061339
sequence of best-response moves we are able to reach a (pure strategy) equilibrium. We give a characterization of all finite …
Persistent link: https://www.econbiz.de/10014070814
This paper establishes sufficient conditions for the existence of a stable coalition structure in the "coalition unanimity" game of coalition formation, first defined by Hart and Kurz (1983) and more recently studied by Yi (1997, 2000). Our conditions are defined on the strategic form game used...
Persistent link: https://www.econbiz.de/10014072457
The quantal response equilibrium (QRE) notion of McKelvey and Palfrey (1995) has recently attracted considerable …
Persistent link: https://www.econbiz.de/10014075548
This paper presents a new cooperative equilibrium for strategic form games, denoted Conjectural Cooperative Equilibrium …
Persistent link: https://www.econbiz.de/10014102587
Arms races – enduring rivalries between pairs of hostile powers, which prompt competitive acquisition of military capability – appear to be a pervasive phenomenon. From the past Cold War competition, between the US and the USSR, to present regional antagonisms, such as India and Pakistan,...
Persistent link: https://www.econbiz.de/10014024401