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Leadership with commitment to mixed strategies

von Stengel, Bernhard and Zamir, Schmuel (2004) Leadership with commitment to mixed strategies. CDAM research report series, LSE-CDAM-2004-01. Centre for Discrete and Applicable Mathematics, London School of Economics and Political Science, London, UK.

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Abstract

A basic model of commitment is to convert a game in strategic form to a “leadership game” with the same payoffs, where one player commits to a strategy to which the second player chooses a best reply. This paper studies such leadership games for the mixed extension of a finite game, where the leader commits to a mixed strategy. The set of leader payoffs is an interval (for generic games a singleton), which is at least as good as the set of that player’s Nash and correlated equilibrium payoffs in the simultaneous game. This no longer holds for leadership games with three or more players.

Item Type: Monograph (Report)
Official URL: http://www.cdam.lse.ac.uk
Additional Information: © 2004 the authors
Library of Congress subject classification: Q Science > QA Mathematics
Journal of Economic Literature Classification System: C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games
Sets: Departments > Mathematics
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: LSE-CDAM-2004-01
Date Deposited: 03 Dec 2008 12:40
URL: http://eprints.lse.ac.uk/13338/

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