An axiomatization of the Nash equilibrium concept

Mark Voorneveld

Games and Economic Behavior, 2019, vol. 117, issue C, 316-321

Abstract: For strategic games, the Nash equilibrium concept is axiomatized using three properties: (i) if the difference between two games is ‘strategically irrelevant’, then their solutions are the same; (ii) if a player has a strategy with a constant payoff, this player need not settle for less in any solution of the game; (iii) if all players agree that a certain strategy profile is optimal, then this strategy profile is a solution of the game.

Keywords: Nash equilibrium; Axiomatization; Solution concept (search for similar items in EconPapers)
JEL-codes: C72 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:117:y:2019:i:c:p:316-321

DOI: 10.1016/j.geb.2019.07.011

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