Player splitting in extensive form games

被引:0
|
作者
Monsuwé, APY
Jansen, M
Vermeulen, D
机构
[1] Univ Carlos III Madrid, Dept Econ, E-28903 Getafe, Madrid, Spain
[2] Univ Limburg, Dept Quantitat Econ, NL-6200 MD Maastricht, Netherlands
[3] Univ Limburg, Dept Econ, NL-6200 MD Maastricht, Netherlands
关键词
extensive form games; equilibrium refinements; player splitting;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
By a player splitting we mean a mechanism that distributes the information sets of a player among so-called agents. A player splitting is called independent if each path in the game tree contains at most one agent of every player. Following Mertens (1989), a solution is said to have the player splitting property if, roughly speaking, the solution of an extensive form game does not change by applying independent player splittings. We show that Nash equilibria, perfect equilibria, Kohlberg-Mertens stable sets and Mertens stable sets have the player splitting property. An example is given to show that the proper equilibrium concept does not satisfy the player splitting property. Next, we give a definition of invariance under (general) player splittings which is an extension of the player splitting property to the situation where we also allow for dependent player splittings. We come to the conclusion that, for any given dependent player splitting, each of the above solutions is not invariant under this player splitting. The results are used to give several characterizations of the class of independent player splittings and the class of single appearance structures by means of invariance of solution concepts under player splittings. JEL classification: C72.
引用
收藏
页码:433 / 450
页数:18
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