In this note, we prove an equilibrium existence theorem for games with discontinuous payoffs and convex and compact strategy spaces. It generalizes the classical result of Reny (1999), as well as the recent paper of McLennan, Monteiro, and Tourky (2011). Our conditions are simple and easy to verify. Importantly, examples of spatial location models show that our conditions allow for economically meaningful payoff discontinuities, that are not covered by other conditions in the literature.
MLA
Barelli, Paulo, and Idione Meneghel. “A Note on the Equilibrium Existence Problem in Discontinuous Games.” Econometrica, vol. 81, .no 2, Econometric Society, 2013, pp. 813-824, https://doi.org/10.3982/ECTA9125
Chicago
Barelli, Paulo, and Idione Meneghel. “A Note on the Equilibrium Existence Problem in Discontinuous Games.” Econometrica, 81, .no 2, (Econometric Society: 2013), 813-824. https://doi.org/10.3982/ECTA9125
APA
Barelli, P., & Meneghel, I. (2013). A Note on the Equilibrium Existence Problem in Discontinuous Games. Econometrica, 81(2), 813-824. https://doi.org/10.3982/ECTA9125
We are deeply saddened by the passing of Kate Ho, the John L. Weinberg Professor of Economics and Business Policy at Princeton University and a Fellow of the Econometric Society. Kate was a brilliant IO economist and scholar whose impact on the profession will resonate for many years to come.
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