An existence result for discontinuous games

نویسنده

  • Guilherme Carmona
چکیده

We introduce a notion of upper semicontinuity, weak upper semicontinuity, and show that it, together with a weak form of payoff security, is enough to guarantee the existence of Nash equilibria in compact, quasiconcave normal form games. We show that our result generalizes the pure strategy existence theorem of Dasgupta and Maskin [3] and that it is neither implied nor does it imply the existence theorems of Baye, Tian, and Zhou [2] and Reny [5]. Furthermore, we show that an equilibrium may fail to exist when, while maintaining weak payoff security, weak upper semicontinuity is weakened to reciprocal upper semicontinuity. Journal of Economic Literature Classification Numbers: C72

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عنوان ژورنال:
  • J. Economic Theory

دوره 144  شماره 

صفحات  -

تاریخ انتشار 2009