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Publicação
On a Theorem by Mas-Colell
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Orientador(es)
Resumo(s)
We consider anonymous games with a Lebesgue space of players in which either the action space or players’ characteristics are denumerable. Our main result shows that the set of equilibrium distributions over actions coincides with the set of distributions induced by equilibrium strategies. This result, together with Mas-Colell (1984)’s theorem, implies that any continuous, denumerable game has an equilibrium strategy. In particular, the theorems of Khan and Sun (1995) and Khan, Rath, and Sun (1997) can be obtained as corollaries of Mas-Colell’s.
Descrição
Palavras-chave
Nash equilibrium Games with a continuum of players Equilibrium distributions
Contexto Educativo
Citação
Carmona, Guilherme, On a Theorem by Mas-Colell (Septemebr, 2005). FEUNL Working Paper Series No. 485