On the Equivalence between (Quasi)-perfect and sequential equilibria

Carlos Pimienta () and Jianfei Shen ()
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Jianfei Shen: School of Economics, The University of New South Wales

No 2012-01, Discussion Papers from School of Economics, The University of New South Wales

Abstract: We prove the generic equivalence between quasi-perfect equilibrium and sequential equilibrium. Combining this result with Blume and Zame (1994) shows that perfect, quasi-perfect and sequential equilibrium coincide in generic games.

Keywords: Backwards induction; perfect equilibrium; quasi-perfect equilibrium; sequential equilibrium; lower-hemicontinuity; upper-hemicontinuity (search for similar items in EconPapers)
JEL-codes: C72 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2011-12
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Journal Article: On the equivalence between (quasi-)perfect and sequential equilibria (2014)
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