Arbeitspapier

An axiomatization of minimal curb sets

Norde et al. [Games Econ. Behav. 12 (1996) 219] proved that none of the equilibrium concepts in the literature on equilibrium selection in finite strategic games satisfying existence is consistent. A transition to set-valued solution concepts overcomes the inconsistency problem: there is a multiplicity of consistent set-valued solution concepts that satisfy nonemptiness and recommend utility maximization in one-player games. The minimal curb sets of Basu and Weibull [Econ. Letters 36 (1991) 141] constitute one such solution concept; they are axiomatized in this article.

Language
Englisch

Bibliographic citation
Series: SSE/EFI Working Paper Series in Economics and Finance ; No. 589

Classification
Wirtschaft
Noncooperative Games
Subject
Minimal curb sets
Consistency
Nichtkooperatives Spiel
Axiomatisierung

Event
Geistige Schöpfung
(who)
Voorneveld, Mark
Kets, Willemien
Norde, Henk
Event
Veröffentlichung
(who)
Stockholm School of Economics, The Economic Research Institute (EFI)
(where)
Stockholm
(when)
2005

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Voorneveld, Mark
  • Kets, Willemien
  • Norde, Henk
  • Stockholm School of Economics, The Economic Research Institute (EFI)

Time of origin

  • 2005

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