Second-Order Locally Consistent Equilibrium: An Extension

Antonio D'Agata

Bulletin of Economic Research, 2000, vol. 52, issue 1, 49-54

Abstract: This note shows the existence of a second-order locally consistent equilibrium in the game analysed in 1988 by Bonanno, under assumptions which are weaker and empirically more satisfactory than usual. An example of application to oligopoly theory is also provided. Copyright 2000 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

Date: 2000
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