4 research outputs found
Strategic stability of equilibria: the missing paragraph
This paper introduces two set valued Nash equilibrium refinements that are a natural generalization of the concept of stable set of equilibria introduced in Kohlberg and Mertens (1986) and satisfy all the properties defined in Mertens (1989). It also establishes a connection between Nash equilibrium refinements and stochastic games as a tool to define a stable set of equilibria
Digital piracy: an update
This note summarizes and updates our previous survey of the economics of digital piracy (Belleflamme and Peitz, 2012)