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Friendliness And Reciprocity In Equilibrium Selection

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Author Info
GIUSEPPE DE MARCO () (Dipartimento di Statistica e Matematica perla Ricerca Economica, Università di Napoli Parthenope, via Medina 40, 80133 Napoli, Italia)
JACQUELINE MORGAN () (Dipartimento di Matematica e Statistica, Università di Napoli Federico II, via Cinthia, 80126, Napoli, Italy)

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Abstract

A concept of altruistic behavior (called friendly behavior) has been defined and used for equilibrium selection in some bargaining models in Rusinowska (2002), "Refinements of Nash Equilibria in view of Jealous and Friendly Behavior of Players", International Game Theory Review, 4, 281–299.In this paper, the situation in which every player has friendly behavior is incorporated into the general context of normal form games by introducing a new refinement concept (called friendliness equilibrium). Existence, properties and connections with another refinement concept, introduced by the authors in a previous paper and which captures an idea of reciprocal altruism, are investigated. Examples and counterexamples are given illustrating concepts, results and links with other classical refinement concepts.

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Publisher Info
Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Game Theory Review.

Volume (Year): 10 (2008)
Issue (Month): 01 ()
Pages: 53-72
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Handle: RePEc:wsi:igtrxx:v:10:y:2008:i:01:p:53-72

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Related research
Keywords: Nash equilibrium refinement; friendliness equilibrium; altruistic behavior; pseudo-game; efficiency; 91A06; 91A10; 91A26; C720;

Find related papers by JEL classification:
B4 - Schools of Economic Thought and Methodology - - Economic Methodology
C0 - Mathematical and Quantitative Methods - - General
C6 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming
C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
D5 - Microeconomics - - General Equilibrium and Disequilibrium
D7 - Microeconomics - - Analysis of Collective Decision-Making
M2 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Giuseppe De Marco & Jacqueline Morgan, 2007. "Social Networks: Equilibrium Selection and Friendliness," CSEF Working Papers 198, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
  2. Giuseppe De Marco & Jacqueline Morgan, 2007. "Slightly Altruistic Equilibria in Normal Form Games," CSEF Working Papers 185, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
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This page was last updated on 2009-11-13.


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