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Theoretical Economics
Article . 2019 . Peer-reviewed
Data sources: Crossref
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Theoretical Economics
Article
License: CC BY NC
Data sources: UnpayWall
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EconStor
Article . 2019
License: CC BY NC
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Iterated weak dominance and interval-dominance supermodular games

Authors: Sobel, Joel;

Iterated weak dominance and interval-dominance supermodular games

Abstract

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.

Country
United States
Related Organizations
Keywords

D81, equilibrium selection, C72, Economic theory, Economics, ddc:330, Applied Economics, Applied economics, dominance, Economic Theory, Supermodularity

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
6
Top 10%
Average
Top 10%
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