Quasi-Transfer Continuity and Nash Equilibrium *
Continuité de quasi-transfert et équilibre de Nash
Résumé
We introduce a new notion of continuity, called quasi-transfer continuity, and show that it is enough to guarantee the existence of Nash equilibria in compact, quasiconcave normal form games. This holds true in a large class of discontinuous games. We show that our result strictly generalizes the pure strategy existence theorem of Carmona [G. Carmona, An existence result for discontinuous games, Journal of Economic Theory 144 (2009) 1333-1340]. We also show that our result is neither implied by nor does it imply the existence theorems of Reny [J.P. Reny, On the existence of pure and mixed strategy Nash equilibria in discontinuous games, Econometrica 67 (1999) 1029-1056] and Baye, Tian, and Zhou [M.R. Baye, G. Tian, J. Zhou, Characterizations of the existence of equilibria in games with discontinuous and non-quasiconcave payoffs, The Review of Economic Studies 60 (1993) 935-948].
Domaines
Economies et financesOrigine | Fichiers produits par l'(les) auteur(s) |
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