In order to be considered a subgame perfect equilibrium, a set of strategies must be simultaneous-moves. be a Nash equilibrium. be a Nash equilibrium for each subgame. allow for an eventual improvement of payoff. eliminate the end-of period problem.

In order to be considered a subgame perfect equilibrium, a set of strategies must be simultaneous-moves. be a Nash equilibrium. be a Nash equilibrium for each subgame. allow for an eventual improvement of payoff. eliminate the end-of period problem.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter8: Game Theory

Section: Chapter Questions

Problem 8.6P

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Question

Select all that apply
In order to be considered a subgame perfect equilibrium, a set of strategies must
be simultaneous-moves.
be a Nash equilibrium.
be a Nash equilibrium for each subgame.
allow for an eventual improvement of payoff.
eliminate the end-of period problem.

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