Umbhauer, Gisèle - Bureau d'Économie Théorique et Appliquée (BETA), … - 2007
In their paper on Best-Reply Matching (BRM), Droste, Kosfeld & Voorneveld (2003) obtained quite intuitive results for the centipede game. In this short paper we first show that these results derive from the application of their criterion to the reduced normal form of the game. Then we prove that...