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Several relaxations of Nash equilibrium are shown to exist in strategic games with discontinuous payoff functions. Those relaxations are used to extend and unify several recent results and link Reny's better-reply security condition [Reny, P.J. (1999). On the existence of Pure and Mixed Strategy...
Persistent link: https://www.econbiz.de/10010555547
We introduce a condition, uniform payoff security, for games with separable metric strategy spaces and payoffs bounded and measurable in players' strategies. We show that if any such metric game G is uniformly payoff secure, then its mixed extension G is payoff secure. We also establish that if...
Persistent link: https://www.econbiz.de/10010750855
In a recent but well known paper, Reny has proved the existence of Nash equilibria for compact and quasiconcave games, with possibly discontinuous payoff functions. In this paper, we prove that the quasiconcavity assumption in Reny's theorem can be weakened: roughly, we introduce a measure...
Persistent link: https://www.econbiz.de/10010751013
We study whether we can weaken the conditions given in Reny (1999) and still obtain existence of pure strategy Nash equilibria in quasiconcave normal form games, or, at least, existence of pure strategy $\varepsilon-$equilibria for all epsilon0. We show by examples that there are: (1)...
Persistent link: https://www.econbiz.de/10005062373
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We introduce a condition, uniform payoff security, for games with separable metric strategy spaces and payoffs bounded and measurable in players' strategies. We show that if any such metric game G is uniformly payoff secure, then its mixed extension G is payoff secure. We also establish that if...
Persistent link: https://www.econbiz.de/10005696814
Persistent link: https://www.econbiz.de/10010677888
No abstract.
Persistent link: https://www.econbiz.de/10010818435