Stable Equilibria—A Reformulation

Part I. Definition and Basic Properties

Jean-François Mertens
Jean-François Mertens
Center for Operations Research & Econometrics, Universite Catholique de Louvain, 34 Voie du Roman Pays, 1348 Louvain-La-Neuve, Belgium
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Center for Operations Research & Econometrics, Universite Catholique de Louvain, 34 Voie du Roman Pays, 1348 Louvain-La-Neuve, Belgium

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Published Online:1 Nov 1989https://doi.org/10.1287/moor.14.4.575

Abstract

A reformulation of stable equilibria is given, yielding a number of additional properties like backwards induction while still giving “typically,” i.e., except in “made up” examples, the same solutions.

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cover image Mathematics of Operations Research

Volume 14, Issue 4

November 1989

Pages 575-764

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Published Online:November 01, 1989

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Jean-François Mertens, (1989) Stable Equilibria—A Reformulation. Mathematics of Operations Research 14(4):575-625.

https://doi.org/10.1287/moor.14.4.575

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Stable Equilibria—A Reformulation

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Volume 14, Issue 4

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