SFB 303 Discussion Paper No. A - 254
Author: Winter, Eyal
Title: An Axiomatization of the Stable and Semistable Demand Vectors by the
Reduced Game Property
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.
Creation-Date: August 1989
Unfortunately this paper is not available online. Please contact us to order a hardcopy.
SFB 303 Homepage