Showing 1 - 4 of 4
We introduce the notion of an antichain-convex set to extend Debreu (1954)'s version of the second welfare theorem to economies where either the aggregate production set or preference relations are not convex. We show that (possibly after some redistribution of individuals' wealth) the Pareto...
Persistent link: https://www.econbiz.de/10015260744
We prove the existence of a unique pure-strategy Nash equilibrium in nice games with isotone chain-concave best replies and compact strategy sets. We establish a preliminary fixpoint uniqueness argument showing sufficient assumptions on the best replies of a nice game that guarantee the...
Persistent link: https://www.econbiz.de/10015249315
We prove the existence of a unique pure-strategy Nash equilibrium in nice games with isotone chain-concave best replies and compact strategy sets. We establish a preliminary fixpoint uniqueness argument showing sufficient assumptions on the best replies of a nice game that guarantee the...
Persistent link: https://www.econbiz.de/10015249708
We prove the existence of a unique pure-strategy Nash equilibrium in nice games with isotone chain-concave best replies and compact strategy sets. We establish a preliminary fixpoint uniqueness argument, thus showing sufficient assumptions on the best replies of a nice game that guarantee the...
Persistent link: https://www.econbiz.de/10015250535