| Tekijä: | Govindan, S. |
| Otsikko: | Stability and the chain store paradox |
| Lehti: | Journal of Economic Theory
1995 : AUG, VOL. 66:2, p. 536-547 |
| Asiasana: | ECONOMICS STABILIZATION THEORIES |
| Kieli: | eng |
| Tiivistelmä: | For the Kreps and Wilson version of Selten's Chain Store Game, every equilibrium of every stable set induces the same outcome. This unique outcome is that induced by the Kreps and Wilson solution. The Chain Store Paradox is a phenomenon in which subgame perfection runs counter to one's intuition about the situation. The Kreps and Wilson game is a game with incomplete information. |
SCIMA