Araujo, Aloisio; Castro, Luciano I. de; Moreira, Humberto - Departamento de Economía, Universidad Carlos III de Madrid - 2006
Discontinuous games, such as auctions, may require special tie-breaking rules to guarantee equilibrium existence. The best results available ensure equilibrium existence only in mixed strategy with endogenously defined tie-breaking rules and communication of private information. We show that an...