EconPapers    
Economics at your fingertips  
 

Global Games and Equilibrium Selection

Hans Carlsson and Eric van Damme

Econometrica, 1993, vol. 61, issue 5, 989-1018

Abstract: A global game is an incomplete information game where the actual payoff structure is determined by a random draw from a given class of games and where each player makes a noisy observation of the selected game. For 2 x 2 games, it is shown that, when the noise vanishes, iterated elimination of dominated strategies in the global game forces the players to conform to J. C. Harsanyi and R. Selten's risk dominance criterion. Copyright 1993 by The Econometric Society.

Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (605) Track citations by RSS feed

Downloads: (external link)
http://links.jstor.org/sici?sici=0012-9682%2819930 ... O%3B2-K&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
Working Paper: Global Games and Equilibrium Selection (1993) Downloads
Working Paper: Global games and equilibrium selection (1993) Downloads
Working Paper: GLOBAL GAMES AND EQUILIBRIUM SELECTION (1990)
Working Paper: Global games and equilibrium selection (1990) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecm:emetrp:v:61:y:1993:i:5:p:989-1018

Ordering information: This journal article can be ordered from
https://www.economet ... ordering-back-issues

Access Statistics for this article

Econometrica is currently edited by Daron Acemoglu

More articles in Econometrica from Econometric Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing ().

 
Page updated 2019-08-10
Handle: RePEc:ecm:emetrp:v:61:y:1993:i:5:p:989-1018