• Media type: Report; E-Book
  • Title: Approximation results for discontinuous games with an application to equilibrium refinement
  • Contributor: Carbonell-Nicolau, Oriol [Author]; McLean, Richard [Author]
  • Published: New Brunswick, NJ: Rutgers University, Department of Economics, 2011
  • Language: English
  • Keywords: discontinuous game ; payoff security ; Nichtkooperatives Spiel ; Nash-Gleichgewicht ; Nash equilibrium correspondence ; limit-of-finite perfect equilibrium ; Theorie ; trembling-hand perfect equilibrium ; C72
  • Origination:
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  • Description: 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.
  • Access State: Open Access