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Ex-post stability of Bayes–Nash equilibria of large games

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  • Carmona, Guilherme
  • Podczeck, Konrad

Abstract

We present a result on approximate ex-post stability of Bayes–Nash equilibria in semi-anonymous Bayesian games with a large finite number of players. The result allows playersʼ action and type spaces to be general compact metric spaces, thus extending a result by Kalai (2004).

Suggested Citation

  • Carmona, Guilherme & Podczeck, Konrad, 2012. "Ex-post stability of Bayes–Nash equilibria of large games," Games and Economic Behavior, Elsevier, vol. 74(1), pages 418-430.
    • Handle: RePEc:eee:gamebe:v:74:y:2012:i:1:p:418-430
    DOI: 10.1016/j.geb.2011.06.005
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    References listed on IDEAS

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    1. Jones, Larry E, 1984. "A Competitive Model of Commodity Differentiation," Econometrica, Econometric Society, vol. 52(2), pages 507-530, March.
    2. Partha Dasgupta & Eric Maskin, 1986. "The Existence of Equilibrium in Discontinuous Economic Games, I: Theory," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 53(1), pages 1-26.
    3. Gradwohl, Ronen & Reingold, Omer, 2010. "Partial exposure in large games," Games and Economic Behavior, Elsevier, vol. 68(2), pages 602-613, March.
    4. Paul R. Milgrom & Robert J. Weber, 1985. "Distributional Strategies for Games with Incomplete Information," Mathematics of Operations Research, INFORMS, vol. 10(4), pages 619-632, November.
    5. Ehud Kalai, 2004. "Large Robust Games," Econometrica, Econometric Society, vol. 72(6), pages 1631-1665, November.
    6. Carmona, Guilherme, 2008. "Purification of Bayesian-Nash equilibria in large games with compact type and action spaces," Journal of Mathematical Economics, Elsevier, vol. 44(12), pages 1302-1311, December.
    7. Charalambos D. Aliprantis & Kim C. Border, 2006. "Infinite Dimensional Analysis," Springer Books, Springer, edition 0, number 978-3-540-29587-7, December.
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    Cited by:

    1. Kalai, Ehud & Shmaya, Eran, 2018. "Large strategic dynamic interactions," Journal of Economic Theory, Elsevier, vol. 178(C), pages 59-81.
    2. Yang, Jian, 2022. "A Bayesian nonatomic game and its applicability to finite-player situations," Journal of Mathematical Economics, Elsevier, vol. 102(C).
    3. Deb, Joyee & Kalai, Ehud, 2015. "Stability in large Bayesian games with heterogeneous players," Journal of Economic Theory, Elsevier, vol. 157(C), pages 1041-1055.
    4. Carmona, Guilherme & Podczeck, Konrad, 2020. "Pure strategy Nash equilibria of large finite-player games and their relationship to non-atomic games," Journal of Economic Theory, Elsevier, vol. 187(C).

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    More about this item

    Keywords

    Bayes–Nash equilibrium; Large games; Ex-post stability; Concentration;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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