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We address the essential stability of Cournot-Nash equilibria for generalized games with a continuum of players, where only a finite number of them are atomic. Given any set of generalized games continuously parameterized by a complete metric space, we analyze the robustness of equilibria to...
Persistent link: https://www.econbiz.de/10015230620
We characterize essential stability of Cournot-Nash equilibria for generalized games with a continuum of players. As application, we rationalize the active participation of politically engaged individuals as the unique essential equilibrium in an electoral game with a continuum of Cournot-Nash...
Persistent link: https://www.econbiz.de/10015237704