An existence result for discontinuous games
نویسنده
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
منابع مشابه
Equilibrium existence for zero-sum games and spatial models of elections
A theorem on existence of mixed strategy equilibria in discontinuous zero-sum games is proved and applied to three models of elections. First, the existence theorem yields a mixed strategy equilibrium in the multidimensional spatial model of elections with three voters. A nine-voter example shows that a key condition of the existence theorem is violated for general finite numbers of voters and ...
متن کاملEquilibrium Existence in Discontinuous Zero-Sum Games with Applications to Spatial Models of Elections
A theorem on existence of mixed strategy equilibria in discontinuous zero-sum games is proved and is applied to three models of elections. First, the existence theorem yields a mixed strategy equilibrium in the multidimensional spatial model of elections with three voters. A nine-voter example shows that a key condition of the existence theorem is violated for general finite numbers of voters a...
متن کاملOn the Existence of Nash Equilibrium in Discontinuous Games∗
This paper offers an equilibrium existence theorem in discontinuous games. We introduce a new notion of very weak continuity, called quasi-weak transfer continuity that guarantees the existence of pure strategy Nash equilibrium in compact and quasiconcave games. We also consider possible extensions and improvements of the main result. We present applications to show that our conditions allow fo...
متن کاملExistence of Nash Equilibrium in Discontinuous Games∗
This paper offers an equilibrium existence theorem in discontinuous games. We introduce a new notion of continuity, called quasi-weak transfer continuity that guarantees the existence of pure strategy Nash equilibrium in compact and quasiconcave games. We also consider possible extensions and improvements of the main result. Our conditions are simple and easy to verify. We present applications ...
متن کاملOn the Existence of Nash Equilibria in Discontinuous and Qualitative Games
We provide a unified approach to existence of Nash equilibria in (possibly) discontinuous and qualitative games. We combine the idea of a local continuous selection of each player’s strict upper contour set from the qualitative games literature with the “better reply security” idea (Reny [15]) of activating different players locally from the discontinuous games literature, together with a weak ...
متن کاملAn equilibrium closure result for discontinuous games
For games with discontinuous payoffs Simon and Zame (Econometrica 58:861–872, 1990) introduced payoff indeterminacy, in the form of endogenous sharing rules, which are measurable selections of a certain payoff correspondence. Their main result concerns the existence of a mixed Nash equilibrium and an associated sharing rule. Its proof is based on a discrete approximation scheme “from within” th...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید
ثبت ناماگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید
ورودعنوان ژورنال:
- J. Economic Theory
دوره 144 شماره
صفحات -
تاریخ انتشار 2009