Equilibrium existence in games with ties

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, first-prize auctions with common values, and Hotelling models with incomplete information.

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Year of publication:	2023
Authors:	Olszewski, Wojciech ; Siegel, Ron
Published in:	Theoretical Economics. - ISSN 1555-7561. - Vol. 18.2023, 2, p. 481-502
Publisher:	New Haven, CT : The Econometric Society
Subject:	better-reply security \| discontinuous games \| Equilibrium existence

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.3982/TE5067 [DOI] 185610494X [GVK] hdl:10419/296417 [Handle] RePEc:the:publsh:5067 [RePEc]
Classification:	D82 - Asymmetric and Private Information ; D44 - Auctions ; C72 - Noncooperative Games ; L13 - Oligopoly and Other Imperfect Markets
Source:	EconStor

Persistent link: https://www.econbiz.de/10014536959