
doi: 10.3982/te2904
handle: 10419/217081
This paper extends Milgrom and Robert's treatment of supermodular games in two ways. It points out that their main characterization result holds under a weaker assumption. It refines the arguments to provide bounds on the set of strategies that survive iterated deletion of weakly dominated strategies. I derive the bounds by iterating the best-response correspondence. I give conditions under which they are independent of the order of deletion of dominated strategies. The results have implications for equilibrium selection and dynamic stability in games.
D81, equilibrium selection, C72, Economic theory, Economics, ddc:330, Applied Economics, Applied economics, dominance, Economic Theory, Supermodularity
D81, equilibrium selection, C72, Economic theory, Economics, ddc:330, Applied Economics, Applied economics, dominance, Economic Theory, Supermodularity
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