Coordination need not be a problem

نویسنده

  • Prajit K. Dutta
چکیده

In a game of common interest there is one action vector that all players prefer to every other. Yet there may be multiple Pareto-ranked Nash equilibria in the game and the ”coordination problem” refers to the fact that rational equilibrium play canot rule out Pareto-dominated equilibria. In this paper, I prove that two elements asynchronicity and a finite horizon are sufficient to uniquely select the Pareto-dominant action vector (in subgame perfect equilibrium play).

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عنوان ژورنال:
  • Games and Economic Behavior

دوره 76  شماره 

صفحات  -

تاریخ انتشار 2012