We extend Kohlberg and Mertens' (1986) structure theorem concerning the Nash equilibrium correspondence to show that its graph is not only homomorphic to the underlying space of games but that it is also unknotted. This is then shown to have some basic consequences for dynamics whose rest points are Nash equilibria.
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Paper provided by Tel Aviv in its series Papers with number
2-2000.
DE MICHELIS, Stefano & GERMANO, Fabrizio, 2000.
"On knots and dynamics in games,"
CORE Discussion Papers
2000010, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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Find related papers by JEL classification: C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
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DE MICHELIS, Stefano & GERMANO, Fabrizio, 2000.
"On the indices of zeros of nash fields,"
CORE Discussion Papers
2000017, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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