The algebraic geometry of perfect and sequential equilibrium: an extension

B-Tier
Journal: Economic Theory
Year: 2021
Volume: 71
Issue: 2
Pages: 579-601

Authors (3)

Xiao Luo (National University of Singapo...) Xuewen Qian (not in RePEc) Yang Sun (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abstract We extend the generic equivalence result of Blume and Zame (Econometrica 62:783–794, 1994) to a broader context of perfectly and sequentially rational strategic behavior (including equilibrium and nonequilibrium behavior) through a unifying solution concept of “mutually acceptable course of action” (MACA) proposed by Greenberg et al. (Econ Theory 40:91–112, 2009. https://doi.org/10.1007/s00199-008-0349-5 ). As a by-product, we show, in the affirmative, Dekel et al.’s (J Econ Theory 89:165–185, 1999) conjecture on the generic equivalence between the sequential and perfect versions of rationalizable self-confirming equilibrium.

Technical Details

RePEc Handle
repec:spr:joecth:v:71:y:2021:i:2:d:10.1007_s00199-020-01259-z
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25