Subgame-perfect cooperation in an extensive game

A-Tier
Journal: Journal of Economic Theory
Year: 2020
Volume: 187
Issue: C

Authors (2)

Chander, Parkash (not in RePEc) Wooders, Myrna (Vanderbilt University)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

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

Abstract

We propose a new solution concept for games in extensive form that incorporates both cooperation and subgame perfection. From its definition and properties, the new solution concept, named the subgame-perfect core, is a refinement of the core of an extensive game in the same sense as the set of subgame-perfect Nash equilibria is a refinement of the set of Nash equilibria. To further characterize the subgame-perfect core, we show that each subgame-perfect core payoff vector can be implemented as a non-cooperative solution, as it is a subgame-perfect Nash equilibrium payoff vector of an extensive form game that is closely related to the original game. We also motivate and introduce a related concept of subgame-perfect strong Nash equilibrium of an extensive game that is coalition proof.

Technical Details

RePEc Handle
repec:eee:jetheo:v:187:y:2020:i:c:s0022053120300223
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25