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Trimmed Strategies: Achieving Sequentially Rational Equilibria with only Partially Specified Strategies
(Vanderbilt University, 2008)
Both subgame-perfect equilibrium and weak-perfect Bayesian equilibrium impose rationality at information sets that are irrelevant for a sequentially rational outcome. In this paper, for each of these equilibrium concepts, ...
Competition over Standards and Taxes
(Vanderbilt University, 2008)
We show that, in competition between a developed country and a developing country over standards and taxes, the developing country may have a 'second mover advantage.' A key feature of standards is that, unlike public goods ...