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The testable implications of zero-sum games

Listed author(s):
  • Lee, SangMok
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    We study collective choices from the revealed preference theory viewpoint. For every product set of individual actions, joint choices are called Nash-rationalizable if there exists a preference relation for each player such that the selected joint actions are Nash equilibria of the corresponding game. We characterize Nash-rationalizable joint choice behavior by zero-sum games, or games of conflicting interests. If the joint choice behavior forms a product subset, the behavior is called interchangeable. We prove that interchangeability is the only additional empirical condition which distinguishes zero-sum games from general non-cooperative games.

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    File URL: http://www.sciencedirect.com/science/article/pii/S030440681100139X
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    Article provided by Elsevier in its journal Journal of Mathematical Economics.

    Volume (Year): 48 (2012)
    Issue (Month): 1 ()
    Pages: 39-46

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    Handle: RePEc:eee:mateco:v:48:y:2012:i:1:p:39-46
    DOI: 10.1016/j.jmateco.2011.11.005
    Contact details of provider: Web page: http://www.elsevier.com/locate/jmateco

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