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Remarks on the existence and stability of some relaxed Nash equilibrium in strategic form games

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  • Vincenzo Scalzo

    (University of Napoli Federico II)

Abstract

We introduce a relaxed Nash equilibrium concept for strategic form games, called quasi-Nash equilibrium, which exists in every diagonally transfer quasi-concave games. The quasi-Nash equilibrium has the property to be stable with respect to perturbations on both payoff functions and mistakes in playing pure strategy profiles. We compare our relaxed equilibrium with the Reny equilibrium (introduced in a recent paper) and give stability properties for the Reny equilibrium.

Suggested Citation

  • Vincenzo Scalzo, 2016. "Remarks on the existence and stability of some relaxed Nash equilibrium in strategic form games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(3), pages 571-586, March.
    • Handle: RePEc:spr:joecth:v:61:y:2016:i:3:d:10.1007_s00199-015-0917-4
    DOI: 10.1007/s00199-015-0917-4
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    References listed on IDEAS

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    Cited by:

    1. Wei He & Nicholas C. Yannelis, 2017. "A remark on discontinuous games with asymmetric information and ambiguity," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 5(1), pages 119-126, April.
    2. Vincenzo Scalzo, 2018. "Weak maximal elements and weak equilibria in ordinal games with applications to exchange economies," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(1), pages 29-39, April.

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    More about this item

    Keywords

    Discontinuous games; Relaxed Nash equilibria; Stability of equilibria; Ky Fan minimax inequality;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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