Template-Type: ReDIF-Paper 1.0
Title: An Axiomatization of the Stable and Semistable Demand Vectors by the Reduced Game Property
Author-Name: Eyal Winter

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Abstract: We use the approach of the reduced Game Property and its converse to 
 characterize the sets of stable and semistable demand vectors. It is shown 
 that although these two concepts are generally very different their 
 axiomatizations are almost the same. Regarding the semistable demand vector 
 we correspond to Selten (1981) Noncooperative model which predicts these 
 demand vector and discuss the role the reduced game property plays in 
 equilibrium strategies of this model.
Series: Sonderforschungsbereich 303, University of Bonn, Germany

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Creation-Date: 1989-08
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Handle: RePEc:bon:bonsfa:254