Existence of equilibria in discontinuous Bayesian games

نویسندگان

  • Wei He
  • Nicholas C. Yannelis
چکیده

We provide easily-verifiable sufficient conditions on the primitives of a Bayesian game to guarantee the existence of a behavioral-strategy Bayes–Nash equilibrium. We allow players’ payoff functions to be discontinuous in actions, and illustrate the usefulness of our results via an example of an all-pay auction with general tie-breaking rules which cannot be handled by extant results. © 2015 Elsevier Inc. All rights reserved. JEL classification: C62; C72; D82

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عنوان ژورنال:
  • J. Economic Theory

دوره 162  شماره 

صفحات  -

تاریخ انتشار 2016