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We present a result on approximate ex-post stability of Bayes–Nash equilibria in semi-anonymous Bayesian games with a large finite number of players. The result allows playersʼ action and type spaces to be general compact metric spaces, thus extending a result by Kalai (2004).
Persistent link: https://www.econbiz.de/10011049809
We establish the existence of subgame perfect equilibria in general menu games, known to be sufficient to analyze common agency problems. Our main result states that every menu game satisfying enough continuity properties has a subgame perfect equilibrium. Despite the continuity assumptions that...
Persistent link: https://www.econbiz.de/10005066706
Radzik [Radzik, T., 1991. Pure-strategy [epsilon]-Nash equilibrium in two-person non-zero-sum games. Games Econ. Behav. 3, 356-367] showed that, by strengthening the usual quasi-concavity assumption on players' payoff functions, upper semi-continuous two-player games on compact intervals of the...
Persistent link: https://www.econbiz.de/10008565477