Arbeitspapier

Imperfectly observable commitments in n-player games

In a two-stage extensive form game where followers can observe moves by leaders only with noise, pure subgame perfect Nash equilibria of the limiting game without noise may not survive arbitrarily small noise. Still, for generic games, there is always at least one subgame perfect equilibrium outcome of the game with no noise that is approximated by equilibrium outcomes of games with small noise. This, however, depends crucially on generic payoffs.

Language
Englisch

Bibliographic citation
Series: Reihe Ökonomie / Economics Series ; No. 35

Classification
Wirtschaft
Noncooperative Games
Subject
commitments
imperfect observability
subgame perfection

Event
Geistige Schöpfung
(who)
Güth, Werner
Kirchsteiger, Georg
Ritzberger, Klaus
Event
Veröffentlichung
(who)
Institute for Advanced Studies (IHS)
(where)
Vienna
(when)
1996

Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Güth, Werner
  • Kirchsteiger, Georg
  • Ritzberger, Klaus
  • Institute for Advanced Studies (IHS)

Time of origin

  • 1996

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