Mixed equilibria in games of strategic complementarities

被引:13
作者
Echenique, F
机构
[1] Univ Torcuato Tella, Buenos Aires, DF, Argentina
[2] Univ Republica, Fac Ciencias Sociales, Montevideo, Uruguay
关键词
supermodular games; strategic complementarities; mixed strategy equilibria; learning;
D O I
10.1007/s00199-002-0277-8
中图分类号
F [经济];
学科分类号
02 ;
摘要
The literature on games of strategic complementarities (GSC) has focused on pure strategies. I introduce mixed strategies and show that, when strategy spaces are one-dimensional, the complementarities framework extends to mixed strategies ordered by first-order stochastic dominance. In particular, the mixed extension of a GSC is a GSC, the full set of equilibria is a complete lattice and the extremal equilibria (smallest and largest) are in pure strategies. The framework does not extend when strategy spaces are multi-dimensional. I also update learning results for GSC using stochastic fictitious play.
引用
收藏
页码:33 / 44
页数:12
相关论文
共 17 条
[1]  
Aliprantis C., 1999, Infinite-dimensional analysis. A hitchhiker's guide, DOI DOI 10.1007/978-3-662-03961-8
[2]  
[Anonymous], 1999, OLIGOPOLY PRICING
[3]   Mixed equilibria and dynamical systems arising from fictitious play in perturbed games [J].
Benaïm, M ;
Hirsch, MW .
GAMES AND ECONOMIC BEHAVIOR, 1999, 29 (1-2) :36-72
[4]   Comparative statics by adaptive dynamics and the correspondence principle [J].
Echenique, F .
ECONOMETRICA, 2002, 70 (02) :833-844
[5]  
ECHENIQUE F, 2001, UNPUB MIXED STRATEGY
[6]   Learning purified mixed equilibria [J].
Ellison, G ;
Fudenberg, D .
JOURNAL OF ECONOMIC THEORY, 2000, 90 (01) :84-115
[7]   LEARNING MIXED EQUILIBRIA [J].
FUDENBERG, D ;
KREPS, DM .
GAMES AND ECONOMIC BEHAVIOR, 1993, 5 (03) :320-367
[8]  
Fudenberg D., 1998, MIT PRESS SERIES EC
[9]   STOCHASTIC MONOTONICITY AND STATIONARY DISTRIBUTIONS FOR DYNAMIC ECONOMIES [J].
HOPENHAYN, HA ;
PRESCOTT, EC .
ECONOMETRICA, 1992, 60 (06) :1387-1406
[10]   STOCHASTIC INEQUALITIES ON PARTIALLY ORDERED SPACES [J].
KAMAE, T ;
KRENGEL, U ;
OBRIEN, GL .
ANNALS OF PROBABILITY, 1977, 5 (06) :899-912