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Persistent link: https://www.econbiz.de/10011573764
In order to remedy the possible loss of strategic interaction in non-atomic games with a societal choice, this study proposes a refinement of Nash equilibrium, strategic equilibrium. Given a non-atomic game, its perturbed game is one in which every player believes that he alone has a small, but...
Persistent link: https://www.econbiz.de/10009395483
Persistent link: https://www.econbiz.de/10005596735
We characterize Nash equilibria of games with a continuum of players (Mas-Colell (1984)) in terms of approximate equilibria of large finite games. For the concept of $(\epsilon,\epsilon)$ - equilibrium --- in which the fraction of players not $\epsilon$ - optimizing is less than $\epsilon$ ---...
Persistent link: https://www.econbiz.de/10005118589