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Strategic stability of equilibria: the missing paragraph

Author

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  • GRIGIS DE STEFANO, Federico

    (Université catholique de Louvain, CORE, Belgium)

Abstract
This paper introduces two set valued Nash equilibrium refinements that are a natural generalization of the concept of stable set of equilibria introduced in Kohlberg and Mertens (1986) and satisfy all the properties defined in Mertens (1989). It also establishes a connection between Nash equilibrium refinements and stochastic games as a tool to define a stable set of equilibria.

Suggested Citation

  • GRIGIS DE STEFANO, Federico, 2014. "Strategic stability of equilibria: the missing paragraph," LIDAM Discussion Papers CORE 2014015, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvco:2014015
    as

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    File URL: https://sites.uclouvain.be/core/publications/coredp/coredp2014.html
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    References listed on IDEAS

    as
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    13. PAPAVASILIOU, Anthony & HE, Yi & SVOBODA, Alva, 2013. "Self-commitment of combined cycle units under electricity price uncertainty," LIDAM Discussion Papers CORE 2013051, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    14. MERTENS, Jean-François, 1991. "Stable equilibria - a reformulation. Part II. Discussion of the definition, and further results," LIDAM Reprints CORE 960, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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    More about this item

    Keywords

    game theory; equilibrium refinements; strategic stability; stochastic games;
    All these keywords.

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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