An analysis of stability sets in pure coordination games

Citation
W. Elberfeld et A. Loffler, An analysis of stability sets in pure coordination games, THEOR DECIS, 49(3), 2000, pp. 235-249
Citations number
15
Categorie Soggetti
Economics
Journal title
THEORY AND DECISION
ISSN journal
00405833 → ACNP
Volume
49
Issue
3
Year of publication
2000
Pages
235 - 249
Database
ISI
SICI code
0040-5833(200011)49:3<235:AAOSSI>2.0.ZU;2-9
Abstract
We calculate the Lebesgue-measures of the stability sets of Nash-equilibria in pure coordination games. The results allow us to observe that the order ing induced by the Lebesgue-measure of stability sets upon strict Nash-equi libria does not necessarily agree with the ordering induced by risk-dominan ce. Accordingly, an equilibrium selection theory based on the Lebesgue-meas ure of stability sets would be necessarily different from one which uses th e Nash-property as a point of orientation.