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Title:Approximation results for discontinuous games with an application to equilibrium refinement PDF Logo
Authors:Carbonell-Nicolau, Oriol
McLean, Richard
Issue Date:2011
Series/Report no.:Working Papers, Department of Economics, Rutgers, the State University of New Jersey 2011,28
Abstract:We provide approximation results for Nash equilibria in possibly discontinuous games when payoffs and strategy sets are perturbed, and compare these conditions to those considered in the related literature. We then prove existence results for a new finitistic infinite-game generalization of Selten's [17] notion of perfection, and study some of its properties. The existence results, which rely on the approximation theorems, relate existing notions of perfection to the new specification.
Subjects:discontinuous game
Nash equilibrium correspondence
payoff security
trembling-hand perfect equilibrium
limit-of-finite perfect equilibrium
Document Type:Working Paper
Appears in Collections:Working Papers, Department of Economics, Rutgers University

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