Fall back equilibrium

John Kleppe, Peter Borm and Ruud Hendrickx

European Journal of Operational Research, 2012, vol. 223, issue 2, 372-379

Abstract: Fall back equilibrium is a refinement of the Nash equilibrium concept. In the underlying thought experiment each player faces the possibility that, after all players decided on their action, his chosen action turns out to be blocked. Therefore, each player has to decide beforehand on a back-up action, which he plays in case he is unable to play his primary action.

Keywords: Strategic game; Equilibrium refinement; Blocked action; Fall back equilibrium; Bimatrix game (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:223:y:2012:i:2:p:372-379

DOI: 10.1016/j.ejor.2012.04.014

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