A contraction principle for finite global games (Q847869)
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scientific article; zbMATH DE number 5673392
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| English | A contraction principle for finite global games |
scientific article; zbMATH DE number 5673392 |
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A contraction principle for finite global games (English)
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19 February 2010
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The main objective of this paper is to give a new proof on the uniqueness of equilibrium in a wide class of global games. This is done by showing that the best-reply mapping is weak contractive. Moreover, this contraction result provides the intuition that the noise structure in games lessens complementarities so that a unique equilibrium survives.
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global game
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supermodular game
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equilibrium uniqueness
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0.9025374
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0.87596434
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0.87385905
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0.87036073
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0.86837494
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0.86576253
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0.86576253
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