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On the existence of an equilibrium in the Split-the-Difference Mechanism over an uncountable set with a singular part

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Author Info
Jeremy Bertomeu () (Carnegie Mellon University)

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Abstract

Broman (89) analyzes the mixed Nash equilibria of the split-the-difference mechanism over countable sets. She leaves as an open question whether there may be mixed equilibria over uncountable sets with singular parts. In this note, I propose such an equilibrium; the support of the strategies is the union of a countable set and an interval.

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File URL: http://economicsbulletin.vanderbilt.edu/2007/volume3/EB-07C70018A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 3 (2007)
Issue (Month): 26 ()
Pages: 1-5
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Handle: RePEc:ebl:ecbull:v:3:y:2007:i:26:p:1-5

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Related research
Keywords: Double Auction; Bargaining; Mixed Equilibrium; Complete Information; Singular;

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Find related papers by JEL classification:
C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
D0 - Microeconomics - - General

References listed on IDEAS
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  1. Broman, Elizabeth M., 1989. "The bilateral monopoly model: Approaching certainty under the split-the-difference mechanism," Journal of Economic Theory, Elsevier, vol. 48(1), pages 134-151, June. [Downloadable!] (restricted)
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This page was last updated on 2009-11-16.

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