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An abundant literature is concerned with the existence of equilibrium in incomplete markets where participation to … convex subsets of the portfolio space. Our contribution to the literature on general equilibrium of financial markets is …
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The order and lattice structure of the equilibrium set in games with strategic complements do not survive a minimal … comparable. In such cases, the equilibrium set is a non-empty, complete lattice, if, and only if, there is a unique equilibrium …. Moreover, in such cases, with linearly ordered strategy spaces, the game has at most one symmetric equilibrium. Several …
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We consider global games with general payoff structures and prove existence of equilibrium. This shows that the global … of more general equilibrium behavior, especially as research in global games moves beyond the case of strategic … be used to show existence of equilibrium in global games with both complementarity and congestion. This proves existence …
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equilibria, some nice features of strategic complements that depend on the complete lattice structure of the equilibrium set may …
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