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We prove that for generic network-formation games where players incur a strictly positive cost to propose links the number of Nash equilibria is finite. Furthermore all Nash equilibria are regular and, therefore, stable sets.
Persistent link: https://www.econbiz.de/10008494988
This paper proves the generic determinacy of Nash equilibrium in network-formation games: for a generic assignment of utilities to networks, the set of probability distributions on networks induced by Nash equilibria is finite.
Persistent link: https://www.econbiz.de/10005066710
In games with population uncertainty some perfect equilibria are in dominated strategies. We prove that every Poisson game has at least one perfect equilibrium in undominated strategies.
Persistent link: https://www.econbiz.de/10005066726