Incentive Compatibility in Large Games
We 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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| Length: | 18 pages |
| Date of creation: | 1995 |
| Date of revision: | |
| Handle: | RePEc:fth:caldec:95-16 |
| Contact details of provider: | Postal: Phone: (530) 752-0741 Fax: (530) 752-9382 Web page: http://www.econ.ucdavis.edu/Email: More information through EDIRC
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References listed on IDEAS
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- Mas-Colell, Andreu & Vives, Xavier, 1993.
"Implementation in Economies with a Continuum of Agents,"
Review of Economic Studies,
Wiley Blackwell, vol. 60(3), pages 613-29, July.
- Vives, X. & Mas-Colell, A., 1989. "Implementation in economies with a Continuum of Agents," UFAE and IAE Working Papers 129.90, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
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- Al-Najjar, Nabil Ibraheem, 1995. "Decomposition and Characterization of Risk with a Continuum of Random Variables," Econometrica, Econometric Society, vol. 63(5), pages 1195-1224, September.
- Armstrong, Thomas E. & Richter, Marcel K., 1984. "The core-walras equivalence," Journal of Economic Theory, Elsevier, vol. 33(1), pages 116-151, June.
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