A dominance solvable global game with strategic substitutes

B-Tier
Journal: Journal of Mathematical Economics
Year: 2015
Volume: 57
Issue: C
Pages: 1-11

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

Global games emerged as an approach to equilibrium selection. For a general setting with supermodular payoffs, unique selection of equilibrium has been obtained through iterative elimination of strictly dominated strategies. For the case of global games with strategic substitutes, uniqueness of equilibrium has not been proved by iterative elimination of strictly dominated strategies, making the equilibrium less appealing. In this work we provide a condition for dominance solvability in a simple three-player binary-action global game with strategic substitutes. This opens an unexplored research agenda on the study of global games with strategic substitutes.

Technical Details

RePEc Handle
repec:eee:mateco:v:57:y:2015:i:c:p:1-11
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25