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Persistent link: https://www.econbiz.de/10003783168
We show that concepts introduced by Aumann more than thirty years ago throw a new light on purification in games with extremely dispersed private information. We show that one can embed payoff-irrelevant randomization devices in the private information of players and use these randomization...
Persistent link: https://www.econbiz.de/10010397177
We show that concepts introduced by Aumann more than thirty years ago throw a new light on purification in games with extremely dispersed private information. We show that one can embed payoff-irrelevant randomization devices in the private information of players and use these randomization...
Persistent link: https://www.econbiz.de/10009765783
Persistent link: https://www.econbiz.de/10003783114
Persistent link: https://www.econbiz.de/10003738094
Persistent link: https://www.econbiz.de/10011297086
We establish the existence of sequential equilibria in general menu games, known to be suffcient to analyze common agency problems. In particular, we show that our result solves some unpleasant features of early approaches
Persistent link: https://www.econbiz.de/10012726968