Showing 1 - 10 of 163
introduce a new con-dition, called regularity, that is simple and easy to verify. It is implied both by Reny's better …-reply security and Simon and Zame's endogenous sharing rule method. Regularity implies that the limits of €-equilibria are equilibria … identify extra conditions that, together with regularity, are sufficient for equilibrium existence. One is the marginal …
Persistent link: https://www.econbiz.de/10010282886
This paper studies the existence of equilibrium solution concepts in a large class of economic models with discontinuous payoff functions. The issue is well understood for Nash equilibria, thanks to Reny's better-reply security condition ( Reny 1999) and its recent improvements (Barelli and...
Persistent link: https://www.econbiz.de/10012010064
We provide conditions that simplify applying Reny's (1999) better-reply security to Bayesian games, and use these conditions to prove the existence of equilibria for classes of games in which payoff discontinuities arise only at "ties." These games include a general version of all-pay contests,...
Persistent link: https://www.econbiz.de/10014536959
Persistent link: https://www.econbiz.de/10011645958
This paper studies the existence of equilibrium solution concepts in a large class of economic models with discontinuous payoff functions. The issue is well understood for Nash equilibria, thanks to Reny’s better-reply security con- dition ( Reny 1999) and its recent improvements (Barelli and...
Persistent link: https://www.econbiz.de/10011704653
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 provide conditions that simplify applying Reny's (1999) better-reply security to Bayesian games and use these conditions to prove the existence of equilibria for classes of games in which payoff discontinuities arise only at “ties.” These games include a general version of all-pay...
Persistent link: https://www.econbiz.de/10014325193
Persistent link: https://www.econbiz.de/10005596649
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/10011025724
New relaxations of the Nash equilibrium concept are shown to exist in any strategic game with discontinuous payoff functions. The new concepts are used (1) to show the equivalence between Reny's better-reply security condition [28] and Simon-Zame's endogenous tie-breaking rule equilibrium...
Persistent link: https://www.econbiz.de/10011026129