Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/201941
Authors: 
Carlsson, Hans
Wichardt, Philipp Christoph
Year of Publication: 
2019
Series/Report no.: 
CESifo Working Paper 7715
Abstract: 
This paper proposes a comprehensive perspective on the question of self-enforcing solutions for normal form games. While this question has been widely discussed in the literature, the focus is usually either on strict incentives for players to stay within the proposed solution or on strategic uncertainty, i.e. robustness to trembles. The present approach combines both requirements in proposing the concept of robust sets, i.e. sets of strategy profiles which satisfy both strict incentives and robustness to strategic uncertainty. The result is a set valued solution, a variant of which is shown to exist for all finite normal form games.
Subjects: 
game theory
self-enforcing solution
strict incentives
strategic uncertainty
JEL: 
C72
Document Type: 
Working Paper
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