Showing 1 - 9 of 9
This paper investigates bidder's covert behavior of endogenous information acquisition on her opponents' valuations in first price auction model with independent private values. Such an information acquisition setting leads to bidimensional type space and bidimensional strategy space. We...
Persistent link: https://www.econbiz.de/10011260981
This paper investigates the existence of pure strategy, dominant strategy, and mixed strategy Nash equilibria in discontinuous games. We introduce a new notion of weak continuity, called weak transfer quasi-continuity, which is weaker than most known weak notions of continuity, including...
Persistent link: https://www.econbiz.de/10011112019
This paper studies equilibria in second price auctions with information acquisition in an independent private value setting. We focus on the existence and uniqueness of equilibrium in the information acquisition stage for both homogenous and heterogenous bidders. It is shown that, when the...
Persistent link: https://www.econbiz.de/10011113746
This paper generalizes the Fan-Knaster-Kuratowski-Mazurkiewicz (FKKM) theorem of Ky Fan (“Game Theory and Related Topics,” pp. 151–156, North-Holland, Amsterdam, 1979; and Math. Ann.266, 1984, 519–537) and the Ky Fan minimax inequality by introducing a class of the generalized closedness and...
Persistent link: https://www.econbiz.de/10011258975
The purpose of this note is to give further generalizations of the Ky Fan minimax inequality by relaxing the compactness and convexity of sets and the quasi-concavity of the functional and to show that our minimax inequalities are equivalent to the Fan-Knaster-Kuratowski-Mazurkiewicz (FKKM)...
Persistent link: https://www.econbiz.de/10011107618
This paper generalizes a foundational quasi-variationalinequality by relaxing the (0-diagonal) concavity condition. The approach adopted in this paper is based on continuous selection-type arguments and hence it is quite different from the approach used in the literature. Thus it enables us to...
Persistent link: https://www.econbiz.de/10011108679
This paper gives some very general results on the generalized quasi-variational-like inequality problem. Since the problem includes all the existing extensions of the classical variational inequality problem as special cases, our existence theorems extend the previous results in the literature...
Persistent link: https://www.econbiz.de/10011109794
This paper extends the well-known KKM theorem and variational inequalities by relaxing the closedness of values of a correspondence and lower semicontinuity of a function. The approach adopted is based on Michael's continuous selection theorem. As applications, we provide theorems for the...
Persistent link: https://www.econbiz.de/10011109946
In this paper, we first generalize a foundational quasi-variational inequality (Theorem 3) which plays a key role throughout this paper by relaxing the compactness condition. Then we set up general forms of (generalized) quasi-variational inequalities and obtain a series of existence theorems...
Persistent link: https://www.econbiz.de/10011111351