Common belief foundations of global games

A-Tier
Journal: Journal of Economic Theory
Year: 2016
Volume: 163
Issue: C
Pages: 826-848

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

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

Abstract

We study coordination games under general type spaces. We characterize rationalizable actions in terms of the properties of the belief hierarchies and show that there is a unique rationalizable action played whenever there is approximate common certainty of rank beliefs, defined as the probability the players assign to their payoff parameters being higher than their opponents'. We argue that this is the driving force behind selection results for the specific type spaces in the global games literature.

Technical Details

RePEc Handle
repec:eee:jetheo:v:163:y:2016:i:c:p:826-848
Journal Field
Theory
Author Count
3
Added to Database
2026-01-26