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Strong perfect equilibrium in supergames

International Journal of Game TheoryPublished 1 March 1980
Ariel Rubinstein
Citations103
SJR quartileQ2
SJR score0.34
SNIP0.69

Abstract

The set of payoffs for the strong equilibria is characterized for supergames when the evaluation relations are according to the limit of the means and where no coalition can correlate its strategies in a randomized way. It is proven that this set is identical to the set of payoffs of the strong perfect equilibria. On the other hand an example is given to demonstrate that perfection is a significant notion in supergames where the evaluation relations are according to the overtaking criterion.

Keywords

Decision SciencesEconomics, Econometrics and Finance