THE CONSISTENCY PRINCIPLE FOR GAMES IN STRATEGIC FORM

Authors
Citation
B. Peleg et S. Tijs, THE CONSISTENCY PRINCIPLE FOR GAMES IN STRATEGIC FORM, International journal of game theory, 25(1), 1996, pp. 13-34
Citations number
39
Categorie Soggetti
Social Sciences, Mathematical Methods","Mathematical, Methods, Social Sciences
ISSN journal
00207276
Volume
25
Issue
1
Year of publication
1996
Pages
13 - 34
Database
ISI
SICI code
0020-7276(1996)25:1<13:TCPFGI>2.0.ZU;2-2
Abstract
We start with giving an axiomatic characterization of the Nash equilib rium (NE) correspondence in terms of consistency, converse consistency , and one-person rationality. Then axiomatizations are given of the st rong NE correspondence, the coalition-proof NE correspondence and the semi-strong NE. In all these characterizations consistency and suitabl e variants of converse consistency play a role. Finally, the dominant NE correspondence is characterized. We also indicate how to generalize our results to Bayesian and extensive games.