The von Neumann-Morgenstern stable sets for 2x2 games

Elena Inarra, María Concepción Larrea Jaurrieta and Ana Saracho

No 1576-1857, IKERLANAK from Universidad del País Vasco - Departamento de Fundamentos del Análisis Económico I

Abstract: We analyze the von Neumann and Morgenstern stable sets for the mixed extension of 2 2 games when only single profitable deviations are allowed. We show that the games without a strict Nash equilibrium have a unique vN&M stable set and otherwise they have infinite sets.

Date: 2012-11
New Economics Papers: this item is included in nep-gth and nep-mic
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Dpto. de Fundamentos del Análisis Económico I, Facultad de CC. Económicas y Empresariales, Universidad del País Vasco, Avda. Lehendakari Aguirre 83, 48015 Bilbao, Spain

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