
doi: 10.1007/bf00934488
In this paper, we study solutions of strict noncooperative games that are played just once. The players are not allowed to communicate with each other. The main ingredient of our theory is the concept of rationalizing a set of strategies for each player of a game. We state an axiom based on this concept that every solution of a noncooperative game is required to satisfy. Strong Nash solvability is shown to be a sufficient condition for the rationalizing set to exist, but it is not necessary. Also, Nash solvability is neither necessary nor sufficient for the existence of the rationalizing set of a game. For a game with no solution (in our sense), a player is assumed to recourse to a standard of behavior. Some standards of behavior are examined and discussed.
Noncooperative games, strong Nash solvability, existence conditions, axiomatic approach, rationalizing set, strict noncooperative games, Nash equilibrium
Noncooperative games, strong Nash solvability, existence conditions, axiomatic approach, rationalizing set, strict noncooperative games, Nash equilibrium
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