Nash and strongly consistent two-player game forms

Nash and strongly consistent two-player game forms

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Article ID: iaor19961727
Country: Germany
Volume: 24
Issue: 4
Start Page Number: 345
End Page Number: 356
Publication Date: Oct 1995
Journal: International Journal of Game Theory
Authors:
Keywords: Nash theory and methods
Abstract:

A two-player game form is Nash-consistent if and only if it is tight (Gurvich). Therefore Nash-consistency of two-player game forms depends only on the effectivity structure. This fact is no longer true for strong consistency. This paper introduces a new object called the joint effectivity structure and define the exact joint effectivity set. These notions are similar though more sophisticated than the usual effectivity functions. The paper proves that a two-player game form is strongly consistent if and only if it is tight and jointly exact. Joint exactness is a property of the exact joint effectivity set which basically requires that the joint exact effectivity set coincides with the classical effectivity function. As a corollary the paper has a characterization ot two-player strongly implementable social choice correspondences.

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