Games without Rules |
| |
| Authors: | Flavio Menezes John Quiggin |
| |
| Affiliation: | (1) School of Economics, University of Queensland, Brisbane, Australia;(2) School of Economics, University of Queensland, St Lucia, 4072, Australia |
| |
| Abstract: | We introduce the notion of an outcome space, in which strategic interactions are embedded. This allows us to investigate the idea that one strategic interaction might be an expanded version of another interaction. We then characterize the Nash equilibria arising in such extensions and demonstrate a folk-type theorem stating that any individually rational element of the outcome space is a Nash equilibrium. |
| |
| Keywords: | Outcome spaces folk theorem |
| 本文献已被 SpringerLink 等数据库收录！ |
|
