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Equilibrium selection in team games

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  • van Damme, E.E.C.

    (Tilburg University, School of Economics and Management)

Abstract

It is shown that in team games, i.e. in games in which all players have the same payoff function, the risk-dominant equilibrium may differ from the Pareto dominant one.
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Suggested Citation

  • van Damme, E.E.C., 1995. "Equilibrium selection in team games," Other publications TiSEM 8651663f-c7e1-4141-8445-7, Tilburg University, School of Economics and Management.
    • Handle: RePEc:tiu:tiutis:8651663f-c7e1-4141-8445-7175dc3d2d2b
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    References listed on IDEAS

    as
    1. John C. Harsanyi & Reinhard Selten, 1988. "A General Theory of Equilibrium Selection in Games," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262582384, December.
    2. Harsanyi John C., 1995. "A New Theory of Equilibrium Selection for Games with Incomplete Information," Games and Economic Behavior, Elsevier, vol. 10(2), pages 318-332, August.
    3. Young, H Peyton, 1993. "The Evolution of Conventions," Econometrica, Econometric Society, vol. 61(1), pages 57-84, January.
    4. Kandori, Michihiro & Mailath, George J & Rob, Rafael, 1993. "Learning, Mutation, and Long Run Equilibria in Games," Econometrica, Econometric Society, vol. 61(1), pages 29-56, January.
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    Cited by:

    1. P. Jean-Jacques Herings, 2000. "Two simple proofs of the feasibility of the linear tracing procedure," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 15(2), pages 485-490.
    2. Jun, Sung Jae & Pinkse, Joris, 2020. "Counterfactual prediction in complete information games: Point prediction under partial identification," Journal of Econometrics, Elsevier, vol. 216(2), pages 394-429.
    3. Hofbauer, Josef & Sorger, Gerhard, 1999. "Perfect Foresight and Equilibrium Selection in Symmetric Potential Games," Journal of Economic Theory, Elsevier, vol. 85(1), pages 1-23, March.

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