On Forward Induction and Evolutionary and Strategic Stability
RECERCAT - Dipòsit de Recerca de Catalunya
class of generic two player normal form games preceded by an outside option. We find that none of the known strategic stability concepts (including Mertens stable sets and hyperstable sets) captures this form of forward induction. On the other hand, we...
Are These Classical Business Cycles?
RECERCAT - Dipòsit de Recerca de Catalunya
predicted pattern. None of the countries shows a pattern which can be interpreted as a clear rejection of the classical hypothesis....
