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Hierarchies of beliefs for compact possibility models
2005
Journal of Mathematical Economics
In this paper, we construct a universal type space for a class of possibility models by imposing topological restrictions on the players' beliefs. Along the lines of Mertens and Zamir [International Journal of Game Theory, 14 (1985) 1] or Brandenburger and Dekel [Journal of Economic Theory 59 (1993) 189], we show that the space of all hierarchies of compact beliefs that satisfy common knowledge of coherency (types) is canonically homeomorphic to the space of compact beliefs over the state of
doi:10.1016/j.jmateco.2003.11.009
fatcat:vguxdqym6ff4vfgpgkyfebsu4u