Incentive Compatibility in Large Games
AbstractWe argue that large games are of analytical interest partly because they can be understood in terms of a unifying condition of incentive-compatibility, strategyproofness. In contrast to finite games, strategy-proofness applies not only to dominantstrategy equilibria, but also to a large class of Nash equilibria and to Bayesian Nash equilibria with independent types. Based on Kolmogorov''s zero-one law, it is also shown that Bayesian Nash equilibria coincide with a class of Nash equilibria in games of incomplete information when there is a countably infinite number of players and types are independent.
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Bibliographic InfoPaper provided by California Davis - Department of Economics in its series Department of Economics with number 95-16.
Length: 18 pages
Date of creation: 1995
Date of revision:
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Postal: University of California Davis - Department of Economics. One Shields Ave., California 95616-8578
Phone: (530) 752-0741
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Web page: http://www.econ.ucdavis.edu/
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Other versions of this item:
- C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other
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