Showing 1 - 10 of 23
This short paper isolates a non-trivial class of games for which there exists a monotone relation between the size of pure strategy spaces and the number of pure Nash equilibria (Theorem). This class is that of two- player nice games, i.e., games with compact real intervals as strategy spaces...
Persistent link: https://www.econbiz.de/10005062326
A social game is a generalization of a strategic-form game, in which not only the payoff of each player depends upon the strategies chosen by their opponents, but also their set of admissible strategies. Debreu (1952) proves the existence of a Nash equilibrium in social games with continuous...
Persistent link: https://www.econbiz.de/10005062382
A social game is a generalization of a strategic-form game, in which not only the payoff of each player depends upon the strategies chosen by their opponents, but also their set of admissible strategies. Debreu (1952) proves the existence of a Nash equilibrium in social games with continuous...
Persistent link: https://www.econbiz.de/10008520853
This short paper isolates a non-trivial class of games for which there exists a monotone relation between the size of pure strategy spaces and the number of pure Nash equilibria (Theorem). This class is that of two-player nice games, i.e., games with compact real intervals as strategy spaces and...
Persistent link: https://www.econbiz.de/10008520865
Persistent link: https://www.econbiz.de/10003102333
We consider non-cooperative environments in which two players have the power to commit but cannot sign binding agreements. We show that by committing to a set of actions rather than to a single action, players can implement a wide range of action profiles. We give a complete characterization of...
Persistent link: https://www.econbiz.de/10014058107
This paper studies full implementation problems in (pure and mixed) Nash equilibrium in finite environments. We restrict the designer to adopt<I>finite</I> mechanisms, thus ruling out integer games. We provide a condition, top-<I>D</I> inclusiveness, that together with set-monotonicity is sufficient for mixed...</i></i>
Persistent link: https://www.econbiz.de/10013100420
This paper studies repeated implementation of social choice functions in environments with complete information and changing preferences. We introduce the condition of dynamic monotonicity and show that it is necessary for repeated implementation in finite as well as infinite horizon problems....
Persistent link: https://www.econbiz.de/10013104359
A mechanism implements a social choice correspondence f in mixed Nash equilibrium if at any preference profile, the set of all pure and mixed Nash equilibrium outcomes coincides with the set of f-optimal alternatives at that preference profile. This definition generalizes Maskin's definition of...
Persistent link: https://www.econbiz.de/10013152860
Persistent link: https://www.econbiz.de/10009243268