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dc.contributor.authorBasteck, Christianen_US
dc.contributor.authorDaniëls, Tijmen R.en_US
dc.contributor.authorHeinemann, Franken_US
dc.date.accessioned2010-08-11T09:09:20Z-
dc.date.available2010-08-11T09:09:20Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/37244-
dc.description.abstractGlobal games are widely used for equilibrium selection to predict behaviour in complete information games with strategic complementarities. We establish two results on the global game selection. First we show that it is independent of the payoff functions of the global game embedding, though (as is well-known) it may depend on the noise distribution. Second, we give a simple sufficient criterion for noise independence in many action games. A many action game may be noise independent if it can be suitably decomposed into smaller (say, binary action) games, for which there are simple criteria guaranteeing noise independence. We delineate the games where noise independence may be established by counting the number of players or actions. In addition, we give an elementary proof that robustness to incomplete information implies noise independence.en_US
dc.language.isoengen_US
dc.publisherVerein für Socialpolitik Frankfurt a. M.en_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Game Theory and Applications B13-V2en_US
dc.subject.jelC72en_US
dc.subject.jelD82en_US
dc.subject.jelC62en_US
dc.subject.ddc330en_US
dc.subject.keywordglobal gamesen_US
dc.subject.keywordequilibrium selectionen_US
dc.subject.keywordstrategic complementaritiesen_US
dc.titleCharacterising Equilibrium Selection in Global Games with Strategic Complementaritiesen_US
dc.typeConference Paperen_US
dc.identifier.ppn654901600-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

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