### Abstract

Norde et al.[Games Econ.Behav. 12 (1996) 219] proved that none of the equilibrium concepts in the literature on equilibrium selection in finite strategic games satisfying existence is consistent.A transition to set-valued solution concepts overcomes the inconsistency problem: there is a multiplicity of consistent set-valued solution concepts that satisfy nonemptiness and recommend utility maximization in one-player games.The minimal curb sets of Basu and Weibull [Econ.Letters 36 (1991) 141] constitute one such solution concept; this solution concept is axiomatized in this article.

Original language | English |
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Place of Publication | Tilburg |

Publisher | Microeconomics |

Number of pages | 12 |

Volume | 2005-53 |

Publication status | Published - 2005 |

### Publication series

Name | CentER Discussion Paper |
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Volume | 2005-53 |

### Keywords

- Minimal curb set
- Consistency

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## Cite this

Voorneveld, M., Kets, W., & Norde, H. W. (2005).

*An Axiomatization of Minimal Curb Sets*. (CentER Discussion Paper; Vol. 2005-53). Microeconomics.