Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
884635 | Journal of Economic Behavior & Organization | 2008 | 13 Pages |
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.
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Authors
Fuhito Kojima, Satoru Takahashi,