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"Correlated Equilibria and Local Interactions''

Author

Listed:
  • George J. Mailath
  • Larry Samuelson
  • Avner Shaked

Abstract

This paper shows that Nash equilibria of a local-interaction game are equivalent to correlated equilibria of the underlying game.
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Suggested Citation

  • George J. Mailath & Larry Samuelson & Avner Shaked, "undated". ""Correlated Equilibria and Local Interactions''," CARESS Working Papres 95-16, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
  • Handle: RePEc:wop:pennca:95-16
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    File URL: http://www.ssc.upenn.edu/econ/CARESS/CARESSpdf/95-16.pdf
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    Citations

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    Cited by:

    1. repec:osf:socarx:ymzrd_v1 is not listed on IDEAS
    2. Kets, W., 2007. "Beliefs in Network Games (Replaced by CentER DP 2008-05)," Discussion Paper 2007-46, Tilburg University, Center for Economic Research.
    3. Kets, Willemien & Kager, Wouter & Sandroni, Alvaro, 2022. "The value of a coordination game," Journal of Economic Theory, Elsevier, vol. 201(C).
    4. Susan Lee, 1999. "Assortative Interactions and Endogenous Stratification," Working Papers 99-08-056, Santa Fe Institute.
    5. Lenzo, Justin & Sarver, Todd, 2006. "Correlated equilibrium in evolutionary models with subpopulations," Games and Economic Behavior, Elsevier, vol. 56(2), pages 271-284, August.
    6. William C. Grant, 2023. "Correlated Equilibrium and Evolutionary Stability in 3-Player Rock-Paper-Scissors," Games, MDPI, vol. 14(3), pages 1-16, May.
    7. Stephen Morris, "undated". "Interaction Games: A Unified Analysis of Incomplete Information, Local Interaction and Random Matching," Penn CARESS Working Papers 1879bf5487d743edef7f32bb2, Penn Economics Department.
    8. Kam-Chau Wong & Chongmin Kim, 2004. "Evolutionarily Stable Correlation," Econometric Society 2004 Far Eastern Meetings 495, Econometric Society.
    9. Lars P. Metzger, 2018. "Evolution and correlated equilibrium," Journal of Evolutionary Economics, Springer, vol. 28(2), pages 333-346, April.
    10. Ianni, Antonella, 2001. "Learning correlated equilibria in population games," Mathematical Social Sciences, Elsevier, vol. 42(3), pages 271-294, November.
    11. Azrieli, Yaron, 2010. "Categorization and correlation in a random-matching game," Journal of Mathematical Economics, Elsevier, vol. 46(3), pages 303-310, May.
    12. Alos-Ferrer, Carlos & Weidenholzer, Simon, 2008. "Erratum to "Partial bandwagon effects and local interactions" [Games Econ. Behav. 61 (2007) 179-197]," Games and Economic Behavior, Elsevier, vol. 62(1), pages 324-325, January.
    13. Goyal, Sanjeev, 2003. "Learning in Networks: a survey," Economics Discussion Papers 9983, University of Essex, Department of Economics.
    14. Milchtaich, Igal, 2004. "Random-player games," Games and Economic Behavior, Elsevier, vol. 47(2), pages 353-388, May.
    15. Yuval Heller, 2012. "Sequential Correlated Equilibria in Stopping Games," Operations Research, INFORMS, vol. 60(1), pages 209-224, February.
    16. Stephen Morris, 2000. "Contagion," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 67(1), pages 57-78.

    More about this item

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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