haku: @journal_id 1405 / yhteensä: 110
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| Tekijä: | Selten, R. Wooders, M.H. |
| Otsikko: | Cyclic games: An introduction and some examples |
| Lehti: | Games and Economic Behavior
2001 : JAN, VOL.34:1, p. 138-152 |
| Asiasana: | GAMES ECONOMICS MODELS GAME THEORY EQUILIBRIUM THEORY |
| Vapaa asiasana: | CYCLIC GAMES |
| Kieli: | eng |
| Tiivistelmä: | The authors have introduced a model of a cyclic game. Designed to take advanteage of the recurring nature of certain economic and social situations, a cyclic game differs from an extensive form game in that a cyclic game does not necessarily have an end. The same situations, although with different players, may be repeated infinitely often. They provide an example showing that, even though a cyclic game has, in a sence, perfect information, it may not have an equilibrium in pure strategies. They demonstrate existence of equilibrium and illustrate the application of their model to an oligopolistic industry. |
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