On identifying subgame-perfect equilibrium outcomes for timing games

Jan-Henrik Steg ()

Games and Economic Behavior, 2022, vol. 135, issue C, 74-78

Abstract: In Smirnov and Wait (2021), an iterative method is devised to identify subgame-perfect equilibrium outcomes of timing games. This note shows by simple examples that the identification is in fact neither necessary nor sufficient. The main issue is that the method does not fully reflect the requirements of subgame perfection, so there is a conceptual and not just a technical problem.

Keywords: Timing games; Subgame-perfect equilibrium; Second-mover advantage (search for similar items in EconPapers)
JEL-codes: C62 C73 D43 L13 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:135:y:2022:i:c:p:74-78

DOI: 10.1016/j.geb.2022.05.012

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