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- Title
Coarse correlated equilibria in linear duopoly games.
- Authors
Ray, Indrajit; Gupta, Sonali
- Abstract
For duopoly models, we analyse the concept of coarse correlated equilibrium using simple symmetric devices that the players choose to commit to in equilibrium. In a linear duopoly game, we prove that Nash-centric devices, involving a sunspot structure, are simple symmetric coarse correlated equilibria. Any small unilateral perturbation from such a structure fails to be an equilibrium.
- Subjects
NASH equilibrium; GAME theory; SYMMETRIC games; SUNSPOTS (Economics); GAMES for two; PERTURBATION theory; ECONOMIC structure
- Publication
International Journal of Game Theory, 2013, Vol 42, Issue 2, p541
- ISSN
0020-7276
- Publication type
Article
- DOI
10.1007/s00182-012-0360-8