Convergence in games with continua of equilibria

B-Tier
Journal: Journal of Mathematical Economics
Year: 2020
Volume: 90
Issue: C
Pages: 25-30

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 game theory, the question of convergence of dynamical systems to the set of Nash equilibria has often been tackled. When the game admits a continuum of Nash equilibria, however, a natural and challenging question is whether convergence to the set of Nash equilibria implies convergence to a Nash equilibrium. In this paper we introduce a technique developed in Bhat and Bernstein (2003) as a useful way to answer this question. We illustrate it with the best-response dynamics in the local public good game played on a network, where continua of Nash equilibria often appear.

Technical Details

RePEc Handle
repec:eee:mateco:v:90:y:2020:i:c:p:25-30
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24