Equilibrium payoffs of finite games

B-Tier
Journal: Journal of Mathematical Economics
Year: 2011
Volume: 47
Issue: 1
Pages: 48-53

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

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

Abstract

Abstract We study the structure of the set of equilibrium payoffs in finite games, both for Nash and correlated equilibria. In the two-player case, we obtain a full characterization: if U and P are subsets of , then there exists a bimatrix game whose sets of Nash and correlated equilibrium payoffs are, respectively, U and P, if and only if U is a finite union of rectangles, P is a polytope, and P contains U. The n-player case and the robustness of the result to perturbation of the payoff matrices are also studied. We show that arbitrarily close games may have arbitrarily different sets of equilibrium payoffs. All existence proofs are constructive.

Technical Details

RePEc Handle
repec:eee:mateco:v:47:y:2011:i:1:p:48-53
Journal Field
Theory
Author Count
3
Added to Database
2026-01-29