Purpose - The purpose of this paper is to study the Hölder calmness of solutions to equilibrium problems and apply it … equilibrium problems are established. Findings - A new result in stability analysis for equilibrium problems and applications in …

well known refinements of the Nash equilibrium, namely, perfect Nash equilibrium and proper Nash equilibrium, are special … Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the existence of a … symmetric proper equilibrium. Applying our results to the field of evolutionary game theory yields a refinement of the …

information, the best-reply dynamic converges to a Nash equilibrium almost surely. Moreover, only Nash equilibria can be … stochastically stable. We present a 'centipede-trust game', where we prove that both the backward induction equilibrium component and … the Pareto-dominant equilibrium component are stochastically stable, even when the populations increase to infinity. For …

cases where additionally, some variables may be strategic complements. The main result here is that the equilibrium set in … such models is a non-empty, complete lattice, if, and only if, there is a unique equilibrium. Indeed, for a given parameter … techniques for exhibiting increasing equilibria or computing equilibria that use the largest or smallest equilibrium, or that use …

We are constructing an imperfect competition general equilibrium model, with non-consumable money and labor market; our … toolkit is an equilibrium default model of Shubik-Wilson (1978). Our result has an ‘equilibrium volatility' simultaneously … not have a convergence of common beliefs of common knowledge. It is impossible to calculate equilibrium mixed strategies …

precision equilibrium payoffs and Nash equilibria of otherwise very challenging problems, and even some which go beyond the …

Both in game theory and in general equilibrium theory there exists a number of universally stable adjustment processes …. In game theory these processes typically serve the role of selecting a Nash equilibrium. Examples are the tracing … procedure of Harsanyi and Selten or the equilibrium selection procedure proposed by McKelvey and Palfrey. In general equilibrium …