Farsighted stability with heterogeneous expectations

B-Tier
Journal: Games and Economic Behavior
Year: 2020
Volume: 121
Issue: C
Pages: 32-54

Authors (2)

Bloch, Francis (Paris School of Economics) van den Nouweland, Anne (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

This paper analyzes farsighted stability when agents have heterogeneous expectations over the dominance paths. We consider expectation functions satisfying the two properties of justifiability and maximality and define stable alternatives as unique stationary points of the expectation function of some agent. We characterize stable alternatives in one-to-one matching models and voting models, and show that the relaxation of the hypothesis of common expectations greatly expands the set of states that can be supported as farsightedly stable.

Technical Details

RePEc Handle
repec:eee:gamebe:v:121:y:2020:i:c:p:32-54
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24