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Discontinuous Payoff Function 1 First-price Auctions 1 Nash Equilibrium 1
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English 1
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Gatti, J.R.J. 1
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Faculty of Economics, University of Cambridge 1
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Cambridge Working Papers in Economics 1
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A Note on the Existence of Nash Equilibrium in Games with Discontinuous Payoffs
Gatti, J.R.J. - Faculty of Economics, University of Cambridge - 2005
This paper generalises the approach taken by Dasgupta & Maskin (1986) and Simon (1989) and provides necessary and sufficient conditions for the existence of pure and mixed strategy Nash equilibrium in games with continuous strategy spaces and discontinuous payoff functions. The conditions can be...
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