Generalized weak transfer continuity and the Nash equilibrium
This paper introduces the notion of generalized weak transfer continuity and establishes that a bounded, compact locally convex metric quasiconcave and generalized weak transfer continuous game has a Nash equilibrium. Our equilibrium existence result neither implies nor is implied by the existing results in the literature such as those in [Carmona, G., 2011. Understanding some recent existence results for discontinuous games. Economic Theory 48, 31–45], [Prokopovych, P., 2011. On equilibrium existence in payoff secure games. Economic Theory 48, 5–16], [Carmona, G., 2009. An existence result for discontinuous games. Journal of Economic Theory 144, 1333–1340], and [Reny, P.J., 1999. On the existence of pure and mixed strategy Nash equilibria in discontinuous games, Econometrica 67, 1029–1056].
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Volume (Year): 47 (2011)
Issue (Month): 4-5 ()
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- Carmona, Guilherme, 2009.
"An existence result for discontinuous games,"
Journal of Economic Theory,
Elsevier, vol. 144(3), pages 1333-1340, May.
- Carmona, Guilherme, 2008. "An Existence Result for Discontinuous Games," FEUNL Working Paper Series wp530, Universidade Nova de Lisboa, Faculdade de Economia.
- Pavlo Prokopovych, 2011. "On equilibrium existence in payoff secure games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(1), pages 5-16, September.
- Rabia Nessah & Guoqiang Tian, 2009. "Existence of Equilibria in Discontinuous and Nonconvex Games," Levine's Working Paper Archive 814577000000000206, David K. Levine.
- Philip J. Reny, 1999. "On the Existence of Pure and Mixed Strategy Nash Equilibria in Discontinuous Games," Econometrica, Econometric Society, vol. 67(5), pages 1029-1056, September.
- Guilherme Carmona, 2011. "Understanding some recent existence results for discontinuous games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(1), pages 31-45, September.
- Andrew McLennan & Paulo K. Monteiro & Rabee Tourky, 2011. "Games With Discontinuous Payoffs: A Strengthening of Reny's Existence Theorem," Econometrica, Econometric Society, vol. 79(5), pages 1643-1664, 09.
- Adib Bagh & Alejandro Jofre, 2006. "Reciprocal Upper Semicontinuity and Better Reply Secure Games: A Comment," Econometrica, Econometric Society, vol. 74(6), pages 1715-1721, November. Full references (including those not matched with items on IDEAS)