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On the possibility of stable renegotiation. A note

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URI: https://hdl.handle.net/10016/2904
ISSN: 2340-5031
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we934116.pdf (204.1 KB)
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1993-12
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Van Damme (Oct 87) claims that renegotiation and stability may be mutually inconsistent concepts. This note shows that this claim may be incorrect and proposes a way to restore the compatibility of these two concepts that, in general, do not apply in the same context.
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Renegotiation-proof equilibrium, Pareto perfect equilibrium, Stable set of equilibria
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DE - Working Papers. Economics. WE
Economists Online