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I characterize games for which there is an order on strategies such that the game has strategic complementarities. I prove that, with some qualications, games with a unique equilibrium have complementarities if and only if Cournot best-response dynamics has no cycles; and that all games with...
Persistent link: https://www.econbiz.de/10005292566
I characterize games for which there is an order on strategies such that the game has strategic complementarities. I prove that, with some qualifications, games with a unique equilibrium have complementarities if and only if Cournot best-response dynamics has no cycles; and that all games with...
Persistent link: https://www.econbiz.de/10010538001
In games with strict strategic complementarities, properly mixed Nash equilibria--equilibria that are not in pure strategies--are unstable for a broad class of learning dynamics.
Persistent link: https://www.econbiz.de/10010843401
In games with strict strategic complementarities, properly mixed Nash equilibria--equilibria that are not in pure strategies--are unstable for a broad class of learning dynamics.
Persistent link: https://www.econbiz.de/10010843451
Persistent link: https://www.econbiz.de/10005755791
Persistent link: https://www.econbiz.de/10010677862
I give short and constructive proofs of Tarski's fixed-point theorem, and of a much-used extension of Tarski's fixed-point theorem to set- valued maps.
Persistent link: https://www.econbiz.de/10005556744
We characterize the core many-to-one matchings as fixed points of a map. Our characterization gives an algorithm for finding core allocations; the algorithm is efficient and simple to implement. Our characterization does not require substitutable preferences, so it is separate from the structure...
Persistent link: https://www.econbiz.de/10005118592