## Paul D. Klemperer and Margaret A. Meyer

### Nuffield College, Oxford University

Abstract

Economics Letters, (1988), 27, pp.111-115.

Abstract:
We interpret both Bresnahan's original (1981) definition of consistent conjectures equilibria and his generalized (1983) definition as dominant strategy equilibria in reaction functions. We employ a simple constructive argument to show that every outcome satisfies the generalized definition.