Information structures and decentralizability of equilibria (*)

B-Tier
Journal: Economic Theory
Year: 1996
Volume: 9
Issue: 1
Pages: 81-96

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

Decentralizability with respect to an equilibrium concept means that those equilibria for an extensive game and its agent normal form game coincide for any given payoffs. We consider decentralizability of Nash equilibrium, subgame perfect equilibrium, and perfect equilibrium. For each equilibrium concept we give a necessary and sufficient condition on the information structure of an extensive game for decentralizability to hold. When it holds it does not matter if agents with the same objectives decide independently or have someone coordinate their actions.

Technical Details

RePEc Handle
repec:spr:joecth:v:9:y:1996:i:1:p:81-96
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25