Games without Rules

Flavio Menezes and John Quiggin

No WPR04_7, Risk & Uncertainty Working Papers from Risk and Sustainable Management Group, University of Queensland

Abstract: We introduce the notion of an outcome space, in which strategic interactions are embedded. This allows us to investigate the idea that one strategic interaction might be an expanded version of another interaction. We then characterize the Nash equilibria arising in such extensions and demonstrate a folk-type theorem stating that any individually rational element of the outcome space is a Nash equilibrium.

Keywords: game; theory (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Date: 2004-07
New Economics Papers: this item is included in nep-gth and nep-mic
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Games without Rules (2007)
Working Paper: Games without Rules (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:rsm:riskun:r04_7

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