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Persistent link: https://www.econbiz.de/10005556698
I characterize games for which there is an order on strategies such that the game has strategic complementarities. I prove that, with some qualifications, games with a unique equilibrium have complementarities if and only if Cournot best-response dynamics has no cycles; and that all games with...
Persistent link: https://www.econbiz.de/10005556714
Changes in the parameters of an $n$-dimensional system of equations induce changes in its solutions. For a class of such systems, we determine the qualitative change in solutions given certain qualitative changes in parameters. Our methods and results are elementary yet useful. They highlight...
Persistent link: https://www.econbiz.de/10005556738
I give short and constructive proofs of Tarski's fixed-point theorem, and of a much-used extension of Tarski's fixed-point theorem to set- valued maps.
Persistent link: https://www.econbiz.de/10005556744