Article ID Journal Published Year Pages File Type
884635 Journal of Economic Behavior & Organization 2008 13 Pages PDF
Abstract

We investigate stability of p-dominant equilibria under perfect foresight dynamics.We show that a strict p-dominant equilibrium with ∑ipi<1∑ipi<1 is globally accessible and absorbing in perfect foresight dynamics. We also investigate robustness and extensions of this result. We apply our proof method to games with u-dominant equilibria and unanimity games.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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