### Abstract

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 |

### Fingerprint

### Keywords

- Minimal curb set
- Consistency

### Cite this

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

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**An Axiomatization of Minimal Curb Sets.** / Voorneveld, M.; Kets, W.; Norde, H.W.

Research output: Working paper › Discussion paper › Other research output

TY - UNPB

T1 - An Axiomatization of Minimal Curb Sets

AU - Voorneveld, M.

AU - Kets, W.

AU - Norde, H.W.

N1 - Pagination: 12

PY - 2005

Y1 - 2005

N2 - 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.

AB - 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.

KW - Minimal curb set

KW - Consistency

M3 - Discussion paper

VL - 2005-53

T3 - CentER Discussion Paper

BT - An Axiomatization of Minimal Curb Sets

PB - Microeconomics

CY - Tilburg

ER -