Showing 1 - 10 of 18
This paper studies the existence of a pure strategy Nash equilibrium in games with strategic complementarities where the strategy sets are totally ordered. By relaxing the conventional conditions related to upper semicontinuity and single crossing, we enlarge the class of games to which monotone...
Persistent link: https://www.econbiz.de/10013002894
This paper studies an economy whose agents perceive their consumption possibilities subjectively, and whose preferences are defined on what they subjectively experience, rather than on those alternatives that are objectively present. The model of agents' perceptions is based on intuitionistic...
Persistent link: https://www.econbiz.de/10014027406
We study the equilibrium existence problem in normal form and qualitative games in which it is possible to associate with each nonequilibrium point an open neighborhood and a collection of deviation strategies such that, at any nonequilibrium point of the neighborhood, a player can increase her...
Persistent link: https://www.econbiz.de/10013133363
In this paper we study an extension of the linear production game (LPG) introduced by Owen (1975). We discuss LPG with players who have flexible resources. Here, flexibility means that a player has a universal resource (e.g. working time) which he can split up (e.g. to execute different tasks)....
Persistent link: https://www.econbiz.de/10013143585
We study equilibrium existence in normal form games in which it is possible to associate with each nonequilibrium point an open neighborhood, a set of players, and a collection of deviation strategies such that, at any nonequilibrium point of the neighborhood, a player from the set can increase...
Persistent link: https://www.econbiz.de/10013109752
Embarking from the concept of uniform payoff security (Journal of Econonomic Theory, Vol. 134, 2007), we introduce two other uniform conditions and then study the existence of mixed strategy Nash equilibria in games where the sum of the payoff functions is not necessarily upper semicontinuous
Persistent link: https://www.econbiz.de/10013066390
The focus of this paper is on developing geometric sufficient conditions for the existence of a mixed strategy Nash equilibrium for both diagonally transfer continuous and better-reply secure games. First, we show that employing the concept of diagonal transfer continuity in place of...
Persistent link: https://www.econbiz.de/10013074804
We study games with almost perfect information and an infinite time horizon. In such games, at each stage, the players simultaneously choose actions from finite action sets, knowing the actions chosen at all previous stages. The payoff of each player is a function of all actions chosen during...
Persistent link: https://www.econbiz.de/10012894605
Morton and Wecker (1977) stated that the value iteration algorithm solves a dynamic program's policy function faster than its value function when the limiting Markov chain is ergodic. I show that their proof is incomplete, and provide a new proof of this classic result. I use this result to...
Persistent link: https://www.econbiz.de/10011994824
We consider generalized sender-receiver games in which the sender also has a decision to make, but this decision does not directly affect the receiver. We introduce specific perfect Bayesian equilibria, in which the players agree on a joint decision after that a message has been sent ("talk and...
Persistent link: https://www.econbiz.de/10011626740