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.
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|Date of creation:||Dec 1995|
|Date of revision:|
|Publication status:||published in Games and Economic Behavior, Vol. 23, No. 1, March 1998, 54-74|
|Contact details of provider:|| Web page: http://www.univie.ac.at/vwl|
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- van Damme, E.E.C., 1984. "A relation between perfect equilibria in extensive form games and proper equilibria in normal form games," Other publications TiSEM 3734d89e-fd5c-4c80-a230-5, Tilburg University, School of Economics and Management.
- van Damme, E.E.C. & Hurkens, J.P.M., 1994.
"Games with imperfectly observable commitment,"
1994-64, Tilburg University, Center for Economic Research.
- Kyle Bagwell, 1992.
"Commitment and Observability in Games,"
1014, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- KOHLBERG, Elon & MERTENS, Jean-FranÃ§ois, .
"On the strategic stability of equilibria,"
CORE Discussion Papers RP
716, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Ritzberger, Klaus, 1994. "The Theory of Normal Form Games form the Differentiable Viewpoint," International Journal of Game Theory, Springer, vol. 23(3), pages 207-36.
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