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  • 标题:"Equilibrium Selection in Global Games with Strategic Complementarities
  • 本地全文:下载
  • 作者:David M. Frankel ; Stephen Morris ; Ady Pauzner
  • 期刊名称:COWLES Foundation Discussion Paper / Cowles Foundation for Research in Economics
  • 出版年度:2001
  • 卷号:2001
  • 期号:1
  • 出版社:Yale University
  • 摘要:We study games with strategic complementarities, arbitrary numbers of players and actions, and slightly noisy payoff signals. We prove limit uniqueness: as the signal noise vanishes, the game has a unique strategy profile that survives iterative dominance. This generalizes a result of Carlsson and van Damme (1993) for two player, two action games. Te surviving profile, however, may depend on fine details of the structure of the noise. We provide sufficient conditions on payoffs for there to be noise-independent selection.
  • 关键词:Equilibrium selection; global games; strategic complementarities; supermodular games
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