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A Note on the Equilibrium Existence Problem in Discontinuous Games

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dc.contributor.authorBarelli, Paulo
dc.contributor.authorMeneghel, Idione
dc.date.accessioned2015-12-10T21:56:24Z
dc.date.issued2013
dc.date.updated2016-06-14T09:19:33Z
dc.description.abstractIn this note, we prove an equilibrium existence theorem for games with discontinuous payoffs and convex and compact strategy spaces. It generalizes the classical result of Reny (1999), as well as the recent paper of McLennan, Monteiro, and Tourky (2011). Our conditions are simple and easy to verify. Importantly, examples of spatial location models show that our conditions allow for economically meaningful payoff discontinuities, that are not covered by other conditions in the literature.
dc.identifier.issn0012-9682
dc.identifier.urihttp://hdl.handle.net/1885/39409
dc.publisherBlackwell Publishing Ltd
dc.sourceEconometrica
dc.subjectKeywords: Better reply security; Discontinuous payoffs; Location games; Nash equilibrium
dc.titleA Note on the Equilibrium Existence Problem in Discontinuous Games
dc.typeJournal article
local.bibliographicCitation.issue2
local.bibliographicCitation.lastpage824
local.bibliographicCitation.startpage813
local.contributor.affiliationBarelli, Paulo, University of Rochester
local.contributor.affiliationMeneghel, Idione, College of Business and Economics, ANU
local.contributor.authoruidMeneghel, Idione, u5607914
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.identifier.absfor140103 - Mathematical Economics
local.identifier.absfor140104 - Microeconomic Theory
local.identifier.absseo910206 - Market-Based Mechanisms
local.identifier.absseo910209 - Preference, Behaviour and Welfare
local.identifier.ariespublicationU9501697xPUB176
local.identifier.citationvolume81
local.identifier.doi10.3982/ECTA9125
local.identifier.scopusID2-s2.0-84875536264
local.identifier.thomsonID000316631600009
local.type.statusPublished Version

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