|
| |
| 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 |
|
