Games with an endogenous sharing rule;
Discontinuous games;
Equilibrium;
Invariance;
DISCONTINUOUS ECONOMIC GAMES;
INCOMPLETE INFORMATION;
NASH EQUILIBRIUM;
EXISTENCE;
AUCTIONS;
D O I:
10.1016/j.jet.2018.05.011
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
We consider games with an endogenous sharing rule and provide conditions for the invariance of the equilibrium set, i.e., for the existence of a common equilibrium set for the games defined by each possible sharing rule. Applications of our results include Bertrand competition with convex costs, electoral competition, and contests. (C) 2018 Elsevier Inc. All rights reserved.