Bade, Sophie and Haeringer, Guillaume and Renou, Ludovic (2007) More strategies, more Nash equilibria. Journal of Economic Theory, 135 (1). pp. 551-557. DOI https://doi.org/10.1016/j.jet.2005.08.009
Bade, Sophie and Haeringer, Guillaume and Renou, Ludovic (2007) More strategies, more Nash equilibria. Journal of Economic Theory, 135 (1). pp. 551-557. DOI https://doi.org/10.1016/j.jet.2005.08.009
Bade, Sophie and Haeringer, Guillaume and Renou, Ludovic (2007) More strategies, more Nash equilibria. Journal of Economic Theory, 135 (1). pp. 551-557. DOI https://doi.org/10.1016/j.jet.2005.08.009
Abstract
This short paper isolates a non-trivial class of games for which there exists a monotone relation between the size of pure strategy spaces and the number of pure Nash equilibria (Theorem). This class is that of two-player nice games, i.e., games with compact real intervals as strategy spaces and continuous and strictly quasi-concave payoff functions, assumptions met by many economic models. We then show that the sufficient conditions for Theorem to hold are tight.<P>(This abstract was borrowed from another version of this item.)
Item Type: | Article |
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Uncontrolled Keywords: | Strategic-form games; Strategy spaces; Nash equilibrium; Number of Nash equilibria |
Subjects: | H Social Sciences > HB Economic Theory |
Divisions: | Faculty of Social Sciences > Economics, Department of |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 07 Jan 2013 14:49 |
Last Modified: | 24 Oct 2024 10:34 |
URI: | http://repository.essex.ac.uk/id/eprint/5017 |