Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/56755
Authors: 
Basteck, Christian
Daniëls, Tijmen R.
Year of Publication: 
2010
Series/Report no.: 
SFB 649 discussion paper 2010-061
Abstract: 
We prove that the global game selection in all 3 x 3 payoff-symmetric supermodular games is independent of the noise structure. As far as we know, all other proofs of noise independence of such games rely on the existence of a so-called monotone potential (MP) maximiser. Our result is more general, since some 3 x 3 symmetric supermodular games do not admit an MP maximiser. Moreover, a corollary is that noise independence does not imply the existence of an MP maximiser.
Subjects: 
global games
noise independence
JEL: 
C72
D82
Document Type: 
Working Paper

Files in This Item:
File
Size
244.04 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.