Showing 1 - 10 of 12
Let a preference ordering on a lattice be perturbed. As is well known, single crossing conditions are necessary and sufficient for a monotone reaction of the set of optimal choices from every chain. Actually, there are several interpretations of monotonicity and several corresponding single...
Persistent link: https://www.econbiz.de/10009147575
We consider strategic games where strategy sets are linearly ordered while the preferences of the players are described by binary relations. All restrictions imposed on the preferences are satisfied in the case of epsilon-optimization of a bounded-above utility function. A Nash equilibrium...
Persistent link: https://www.econbiz.de/10011107760
We study what topological assumptions should be added to the acyclicity of individual best response improvements in order to ensure the existence of a (pure strategy) Nash equilibrium as well as the possibility to reach a Nash equilibrium in the limit of a best response improvement path.
Persistent link: https://www.econbiz.de/10011108033
A rather general class of strategic games is described where the coalition improvements are acyclic and hence strong equilibria exist: The players derive their utilities from the use of certain "facilities"; all players using a facility extract the same amount of "local utility" therefrom, which...
Persistent link: https://www.econbiz.de/10011111197
The acyclicity of individual improvements in a generalized congestion game (where the sums of local utilities are replaced with arbitrary aggregation rules) can be established with a Rosenthal-style construction if aggregation rules of all players are "quasi-separable." Every universal separable...
Persistent link: https://www.econbiz.de/10011112998
We study what useful implications strategic complementarity or substitutability may have when the indifference relation(s) need not be transitive. Two results are obtained about the existence of a monotone selection from the best response correspondence when both strategies and parameters form...
Persistent link: https://www.econbiz.de/10008636453
If the preferences of the players in a strategic game satisfy certain continuity conditions, then the acyclicity of individual improvements implies the existence of a Nash equilibrium. Moreover, starting from any strategy profile, an arbitrary neighborhood of the set of Nash equilibria can be...
Persistent link: https://www.econbiz.de/10008636489
We provide an example of an outcome game form with two players for which there is in an open set of utilities for both players such that, in each of the associated games, the set of mixed Nash equilibria induces a continuum of outcome distributions.
Persistent link: https://www.econbiz.de/10005789734
For a correspondence from a partially ordered set to a lattice, three sets of sufficient conditions for the existence of a monotone selection are obtained. (1) The correspondence is weakly ascending while each value is chain-complete. (2) The correspondence is ascending while the target is a...
Persistent link: https://www.econbiz.de/10005036829
An ordering on a lattice is quasisupermodular if and only if inserting it into any parametric optimization problem with the single crossing property cannot destroy the monotonicity of the set of optima. More detailed conditions for the monotonicity of the set of optima in a parameter influencing...
Persistent link: https://www.econbiz.de/10005078642