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Mixed Equilibria in Games of Strategic Complements Are Unstable

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  • Echenique, Federico
  • Edlin, Aaron

Abstract

In games with strict strategic complementarities, properly mixed Nash equilibria--equilibria that are not in pure strategies--are unstable for a broad class of learning dynamics.

(This abstract was borrowed from another version of this item.)

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Bibliographic Info

Paper provided by Department of Economics, Institute for Business and Economic Research, UC Berkeley in its series Department of Economics, Working Paper Series with number qt1gr638d8.

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Date of creation: 01 May 2002
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Handle: RePEc:cdl:econwp:qt1gr638d8

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Keywords: mixed-strategy equilibrium; learning; supermodular games; strategic complementaries; equilibrium selection; Social and Behavioral Sciences;

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References

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  1. Drew Fudenberg & David Kreps, 2010. "Learning Mixed Equilibria," Levine's Working Paper Archive 415, David K. Levine.
  2. Drew Fudenberg & Jean Tirole, 1991. "Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061414, December.
  3. Ellison, Glenn & Fudenberg, Drew, 2000. "Learning Purified Mixed Equilibria," Journal of Economic Theory, Elsevier, vol. 90(1), pages 84-115, January.
  4. Martin J Osborne & Ariel Rubinstein, 2009. "A Course in Game Theory," Levine's Bibliography 814577000000000225, UCLA Department of Economics.
  5. Benaim, Michel & Hirsch, Morris W., 1999. "Mixed Equilibria and Dynamical Systems Arising from Fictitious Play in Perturbed Games," Games and Economic Behavior, Elsevier, vol. 29(1-2), pages 36-72, October.
  6. Drew Fudenberg & David K. Levine, 1998. "Learning in Games," Levine's Working Paper Archive 2222, David K. Levine.
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Cited by:
  1. Amir, Rabah & Garcia, Filomena & Knauff, Malgorzata, 2010. "Symmetry-breaking in two-player games via strategic substitutes and diagonal nonconcavity: A synthesis," Journal of Economic Theory, Elsevier, vol. 145(5), pages 1968-1986, September.
  2. Amir, Rabah & Halmenschlager, Christine & Jin, Jim, 2011. "R&D-induced industry polarization and shake-outs," International Journal of Industrial Organization, Elsevier, vol. 29(4), pages 386-398, July.
  3. Echenique, Federico & Edlin, Aaron S., 2004. "Mixed equilibria are unstable in games of strategic complements," Berkeley Olin Program in Law & Economics, Working Paper Series qt1ht651hk, Berkeley Olin Program in Law & Economics.
  4. AMIR, Rabah, 2003. "Supermodularity and complementarity in economics: an elementary survey," CORE Discussion Papers 2003104, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  5. Echenique, Federico, 2002. "A Characterization of Strategic Complementarities," Working Papers 1142, California Institute of Technology, Division of the Humanities and Social Sciences.
  6. Rabah Amir & Filomena Garcia & Malgorzata Knauff, 2006. "Endogenous Heterogeneity in Strategic Models: Symmetry-breaking via Strategic Substitutes and Nonconcavities," Working Papers Department of Economics 2006/29, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.
  7. Josef Hofbauer & Ed Hopkins, 2004. "Learning in Perturbed Asymmetric Games," ESE Discussion Papers 53, Edinburgh School of Economics, University of Edinburgh.

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