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Consistent Conjectures Equilibria: A Reformulation Showing Non-uniqueness.

Abstract:
We interpret both Bresnahan's original (1981) definition of consistent conjectures equilibria and his generalized (1983) definition as dominant strategy equilibria in reaction functions. We employ a simple constructive argument to show that every outcome satisfies the generalized definition.

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Publisher:
Elsevier
Journal:
Economics Letters More from this journal
Volume:
27
Issue:
2
Pages:
111 - 115
Publication date:
1988-01-01
ISSN:
0165-1765


Language:
English
UUID:
uuid:e86b43fa-4ec1-4d39-80a2-81a85e16b14c
Local pid:
oai:economics.ouls.ox.ac.uk:10631
Deposit date:
2011-08-16
ARK identifier:

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