Pareto refinements of pure-strategy equilibria in games with public and private information

B-Tier
Journal: Journal of Mathematical Economics
Year: 2018
Volume: 79
Issue: C
Pages: 18-26

Authors (2)

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

In a Bayesian framework with public and private information that allows countably many players and infinitely many actions, we provide two sufficient conditions that ensure the existence of Pareto-undominated and socially-maximal pure-strategy Bayes–Nash equilibria under the usual diffuseness and independence assumptions: every player has (i) a countable action set, or (ii) a relatively-diffuse strategy-relevant private information space conditioned on a public signal. Our results rely on the theory of distributions of correspondences with infinite-dimensional range and draw on notions of nowhere equivalence, relative saturation, and saturation.

Technical Details

RePEc Handle
repec:eee:mateco:v:79:y:2018:i:c:p:18-26
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29