Large Distributional Games with Traits
AbstractA comprehensive theory of large strategic games with (socioeconomic and biological) traits (LSGT) has recently been presented in Khan et al. (2012 a and b), and in this paper, we present a reformulation pertaining to large distributional games with traits (LDGT). In addition to a generalization of work initiated and advocated by Mas-Colell (1984), we delineate the role of saturated spaces, as studied in Keisler-Sun (2009) in the reformulated theory, and consider questions pertaining to \lq\lq realizations" of equilibrium distributions that were not previously asked.
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Bibliographic InfoPaper provided by Ryerson University, Department of Economics in its series Working Papers with number 037.
Date of creation: Dec 2012
Date of revision:
Large game; strategic game; distributional game; traits; saturated probability space; realization; Nash equilibrium distribution;
Other versions of this item:
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-11-11 (All new papers)
- NEP-GTH-2012-11-11 (Game Theory)
- NEP-HPE-2012-11-11 (History & Philosophy of Economics)
- NEP-MIC-2012-11-11 (Microeconomics)
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