All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

Rod Garratt and Cheng-Zhong Qin
''On potential maximization as a refinement of Nash equilibrium''
( 2003, Vol. 3 No.12 )
We specify an adjustment process that converges to the set of potential-maximizing strategy profiles for 3-player cooperation-formation games or n-player cooperation-formation games based on a superadditive characteristic function. Our analysis provides a justification for potential maximization as a refinement of Nash equilibrium in these settings.
Keywords: adjustment process.
Manuscript Received : Jun 25 2003 Manuscript Accepted : Jun 25 2003

  This abstract has been downloaded 1911 times                The Full PDF of this paper has been downloaded 149689 times