The impact of the future in games with multiple equilibria
Journal article, Peer reviewed
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Original versionHausken, K. (2007) The impact of the future in games with multiple equilibria. Economics Letters , 96(2), pp. 183-188 10.1016/j.econlet.2006.12.027
The article shows that in a game with multiple equilibria, where one player estimates that there is at least a minuscule probability that the other player acquiesces, then conflict is inevitable if both players value the future sufficiently highly.
This is an electronic, author accepted copy of an article from Economics Letters, copyright Elsevier, 2007, made available here with permission. The original article is here : http://dx.doi.org/10.1016/j.econlet.2006.12.027