Individual upper semicontinuity and subgame perfect $$\epsilon $$ ϵ -equilibria in games with almost perfect information

B-Tier
Journal: Economic Theory
Year: 2022
Volume: 73
Issue: 2
Pages: 695-719

Authors (4)

János Flesch (not in RePEc) P. Jean-Jacques Herings (Universiteit van Tilburg) Jasmine Maes (not in RePEc) Arkadi Predtetchinski (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

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

Abstract

Abstract We study games with almost perfect information and an infinite time horizon. In such games, at each stage, the players simultaneously choose actions from finite action sets, knowing the actions chosen at all previous stages. The payoff of each player is a function of all actions chosen during the game. We define and examine the new condition of individual upper semicontinuity on the payoff functions, which is weaker than upper semicontinuity. We prove that a game with individual upper semicontinuous payoff functions admits a subgame perfect $$\epsilon $$ ϵ -equilibrium for every $$\epsilon >0$$ ϵ > 0 , in eventually pure strategy profiles.

Technical Details

RePEc Handle
repec:spr:joecth:v:73:y:2022:i:2:d:10.1007_s00199-019-01201-y
Journal Field
Theory
Author Count
4
Added to Database
2026-01-25