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...

The article presents a survey of theory concerning the "credibility" and "reputation" issues until the beginning of the 1990s, when new concept of "central bank independence" emerged. The "credibility problem" described by Kydland and Prescott means, that optimal policies become sub-optimal with...

Recientemente, varios experimentos han mostrado que los individuos exhiben un comportamiento auténticamente recíproco en interacciones anónimas que se dan una sola vez ('one-shot'). En tanto que se ha mostrado que la reciprocidad es relevante en múltiples campos de la economía, han existido...