Journal article
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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Authors
- 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:
Terms of use
- Copyright date:
- 1988
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