Strategic stability and uniqueness in signaling games

In Koo Cho, Joel Sobel

Research output: Contribution to journalArticlepeer-review

Abstract

A class of signaling games is studied in which a unique Universally Divine equilibrium outcome exists. We identify a monotonicity property under which a variation of Universal Divinity is generically equivalent to strategic stability. Further assumptions guarantee the existence of a unique Universally Divine outcome.

Original languageEnglish (US)
Pages (from-to)381-413
Number of pages33
JournalJournal of Economic Theory
Volume50
Issue number2
DOIs
StatePublished - Apr 1990
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics

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