Robust perfect equilibrium in large games

A-Tier
Journal: Journal of Economic Theory
Year: 2022
Volume: 201
Issue: C

Authors (4)

Chen, Enxian (not in RePEc) Qiao, Lei (not in RePEc) Sun, Xiang (Wuhan University) Sun, Yeneng (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 4 authors) × 2.0x A-tier

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

Abstract

This paper proposes a new equilibrium concept “robust perfect equilibrium” for non-cooperative games with a continuum of players, incorporating three types of perturbations. Such an equilibrium is shown to exist (in symmetric mixed strategies and also in pure strategies) and satisfy the important properties of admissibility, aggregate robustness, and ex post robust perfection. These properties strengthen relevant equilibrium results in an extensive literature on strategic interactions among a large number of agents. Illustrative applications to congestion games are presented. In the particular case of a congestion game with strictly increasing cost functions, we show that there is a unique symmetric robust perfect equilibrium.

Technical Details

RePEc Handle
repec:eee:jetheo:v:201:y:2022:i:c:s0022053122000230
Journal Field
Theory
Author Count
4
Added to Database
2026-01-29