Fixed rules and decision rules: time consistency and subgame perfection

DOI10.1016/0165-1765(89)90224-3zbMath1328.91047OpenAlexW1607699826MaRDI QIDQ902684

Chaim Fershtman

Publication date: 1 January 2016

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1765(89)90224-3

Mathematics Subject Classification ID

Decision theory (91B06) Applications of game theory (91A80) Stochastic games, stochastic differential games (91A15) General equilibrium theory (91B50)

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Cites Work

• Reexamination of the perfectness concept for equilibrium points in extensive games
• Identification of classes of differential games for which the open loop is a degenerate feedback Nash equilibrium
• On the Stackelberg strategy in nonzero-sum games
• Additional aspects of the Stackelberg strategy in nonzero-sum games
• Oligopoly Extraction of a Common Property Natural Resource: The Importance of the Period of Commitment in Dynamic Games
• Dynamic Duopolistic Competition with Sticky Prices
• On the Time Consistency of Optimal Policy in a Monetary Economy