A Cantor Set of Games with No Shift-Homogeneous Equilibrium Selection

We construct a continuum of games on a countable set of players that does not possess a measurable equilibrium selection that satisfies a natural homogeneity property. The explicit nature of the construction yields counterexamples to the existence of equilibria in models with overlapping generations and in games with a continuum of players.

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Year of publication:	2012-04
Authors:	Levy, Yehuda John
Institutions:	Center for the Study of Rationality, Hebrew University of Jerusalem

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Extent:	application/pdf
Series:	Discussion Paper Series.
Type of publication:	Book / Working Paper
Notes:	17 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010839556