A note on Strongly Renegotioation Proof Equilibria, Games and Economic Behavior, 1994

by Christian Schultz


In this note it is shown that if the Pareto frontier of the one-shot game is strictly concave and contains the Pareto frontier of the set of weakly renegotiation-proof equilibrium average payoffs, and if there is a player who always has a short-run incentive to deviate from any action pair giving payoffs on this frontier, then no strongly renegotiation-proof equilibrium exists.