论文信息 - Fixed rules and decision rules: Time consistency and subgame perfection

Fixed rules and decision rules: Time consistency and subgame perfection

The paper investigates the relationship between time consistency and subgame perfection. We show that despite some suggestions in the literature, the two are not equivalent. Subgame perfection is a stronger refinement. The paper also discusses the classes of games in which time consistency and subgame perfection are equivalent.

Chaim Fershtman | C. Fershtman

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