Essential equilibria of large games

Correa, Sofía and Torres-Martínez, Juan Pablo (2013): Essential equilibria of large games.

Abstract

We characterize essential stability of Cournot-Nash equilibria for generalized games with a continuum of players. As application, we rationalize the active participation of politically engaged individuals as the unique essential equilibrium in an electoral game with a continuum of Cournot-Nash equilibria.

• Item Type: MPRA Paper
• Language: English
• Keywords: Essential equilibria; Essential sets and components; Large games
• Subjects: C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C62 - Existence and Stability Conditions of Equilibrium

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