Nash consistent representation of effectivity functions through lottery models

B-Tier
Journal: Games and Economic Behavior
Year: 2009
Volume: 65
Issue: 2
Pages: 503-515

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Effectivity functions for finitely many players and alternatives are considered. It is shown that every monotonic and superadditive effectivity function can be augmented with equal chance lotteries to a finite lottery model--i.e., an effectivity function that preserves the original effectivity in terms of supports of lotteries--which has a Nash consistent representation. The latter means that there exists a finite game form which represents the lottery model and which has a Nash equilibrium for any profile of utility functions satisfying the minimal requirement of respecting first order stochastic dominance among lotteries. No additional condition on the original effectivity function is needed.

Technical Details

RePEc Handle
repec:eee:gamebe:v:65:y:2009:i:2:p:503-515
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29