Given a map whose roots are the Nash equilibria of a game, each component of the equilibrium set has an associated index, defined as the local degree of the map. This note shows that for a two-player game, every map with the same roots induces the same index. Moreover, this index agrees with the...

We show that a perfect correlated equilibrium distribution of an N-person game, as defined by Dhillon and Mertens (1996) can be achieved using a finite number of copies of the strategy space as the message space. Copyright Springer-Verlag Berlin/Heidelberg 2006

The sequential equilibrium of an ascending-price auction of a single item is derived explicitly for the case of log-normal distributions and a multiplicative valuation model comprising both common and private factors, and allowing asymmetries. If the prior distribution on the common factors is...