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Home > Subgame-Perfection in Free Transition Games

Subgame-Perfection in Free Transition Games

Working paper
Author/s: 
Flesch J., Kuipers J., Schoenmakers G. and Vrieze K.
Issue number: 
RM/11/047
Publisher: 
Maastricht University
Year: 
2011
PDF [1]
We prove the existence of a subgame-perfect "-equilibrium, for every " > 0, in a class of multi-player games with perfect information, which we call free transition games. The novelty is that a non-trivial class of perfect information games is solved for subgame- perfection, with multiple non-terminating actions, in which the payo structure is generally not semi-continuous. Due to the lack of semi-continuity, there is no general rule of comparison between the payo s that a player can obtain by deviating a large but nite number of times or, respectively, in nitely many times. We introduce new techniques to overcome this di culty.
Tags: 
Game Theory & Graphs [2]

Source URL:http://coalitiontheory.org/content/subgame-perfection-free-transition-games

Links
[1] http://edocs.ub.unimaas.nl/loader/file.asp?id=1635 [2] http://coalitiontheory.org/research-areas/game-theory-graphs