Partially constructed sequential equilibrium
Joel Watson
University of California at San Diego, Economics Working Paper Series from Department of Economics, UC San Diego
Abstract:
This article identifies sufficient conditions under which a partial construction of sequential equilibrium—characterizing beliefs and behavior for only a subset of the information sets—is sufficient for the existence of a sequential equilibrium that coincides with the partial construction in a suitable way. Illustrative applications are also presented.
Keywords: 38 Economics (for-2020); 3801 Applied Economics (for-2020); 3803 Economic Theory (for-2020); Sequential equilibrium applications; Full consistency for belief updating; Partial equilibrium; Appraisals; Contractual chains; Decentralized contracting; Multistage games with observed actions and; independent types; Sequential equilibrium applications; full consistency; belief updating; 1401 Economic Theory (for); 1499 Other Economics (for); Economic Theory (science-metrix); 3801 Applied economics (for-2020); 3803 Economic theory (for-2020) (search for similar items in EconPapers)
Date: 2026-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:cdl:ucsdec:qt5nh3x3kf
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