On the possibility of stable renegotiation. A note
José Luis Ferreira
UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de EconomÃa
Abstract:
Van Damme (Oct 87) claims that renegotiation and stability may be mutually inconsistent concepts. This note shows that this claim may be incorrect and proposes a way to restore the compatibility of these two concepts that, in general, do not apply in the same context.
Keywords: Renegotiation-proof; equilibrium; Pareto; perfect; equilibrium; Stable; set; of; equilibria (search for similar items in EconPapers)
Date: 1993-12
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Persistent link: https://EconPapers.repec.org/RePEc:cte:werepe:2904
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