Monotone equilibria in Bayesian games of strategic complementarities

Journal of Economic Theory

Volumn 134, Issue 1, 2007, Pages 339-360

  Van Zandt, Timothy ^a   Vives, Xavier ^b  

^a INSEAD   (France)

^b ICREA UPF ^*  (Spain)

Author keywords

Cournot tat nnement; First order stochastic dominance; Global games; Incomplete information; Local network effects; Monotone comparative statics; Supermodular games; Voluntary disclosure

Indexed keywords

EID: 34247169024     PISSN: 00220531     EISSN: 10957235     Source Type: Journal    
DOI: 10.1016/j.jet.2006.02.009     Document Type: Article

References (32)

1. S. Athey, Characterizing Properties of Stochastic Objective Functions, MIT and NBER, 2000.
2. Athey S. Single crossing properties and the existence of pure strategy equilibria in games of incomplete information. Econometrica 69 (2001) 861-889
3. Athey S. Monotone comparative statics under uncertainty. Quart. J. Econ. 117 (2002) 187-223
4. Aumann R., Katznelson Y., Radner R., Rosenthal R., and Weiss B. Approximate purification of mixed strategies. Mathematics Operations Res. 8 (1982) 327-341
5. Carlsson H., and van Damme E. Equilibrium selection in global games with strategic complementarities. Econometrica 61 (1993) 989-1018
6. Cooper R., and John A. Coordinating coordination failures in keynesian models. Quart. J. Econ. 103 (1988) 441-464
7. Dellacherie C., and Meyer P.-A. Probabilities and Potential (1978), North-Holland, Amsterdam
8. Edlin A.S., and Shannon C. Strict monotonicity in comparative statics. J. Econ. Theory 81 (1998) 201-219
9. Frankel D.M., Morris S., and Pauzner A. Equilibrium selection in global games with strategic complementarities. J. Econ. Theory 108 (2003) 1-44
10. Fudenberg D., Möbius M.M., and Szeidl A. Existence of Equilibrium in Large Double Auctions (2005), Harvard University and University of California, Berkeley
11. Grossman S. The informational role of warranties and private disclosure about the product quality. J. Law Econ. 24 (1981) 461-483
12. Hadar J., and Russell W. Application in economic theory and analysis. In: Whitmore G., and Findlay M. (Eds). Stochastic Dominance (1978), Lexington Books, Lexington, MA (Chapter 7)
13. Harsanyi J., and Selten R. A General Theory of Equilibrium Selection in Games (1988), MIT Press, Cambridge, MA
14. Lebrun B. Existence of an equilibrium in first-price auctions. Econ. Theory 7 (1996) 421-443
15. Maskin E., and Riley J. Equilibrium in sealed high bid auctions. Rev. Econ. Stud. 67 (2000) 439-454
16. R. Mason, Á. Valentinyi, Independence and heterogeneity in games of incomplete information, Department of Economics, University of Southampton, 2003.
17. Matthews S., and Postlewaite A. Quality testing and disclosure. RAND J. Econ. 16 (1985) 328-340
18. McAdams D. Isotone equilibrium in games of incomplete information. Econometrica 71 (2003) 1191-1214
19. Milgrom P., and Roberts J. Rationalizability, learning, and equilibrium in games with strategic complementarities. Econometrica 58 (1990) 1255-1277
20. Milgrom P., and Weber R. Distributional strategies for games with incomplete information. Mathematics Operations Res. 10 (1985) 619-632
21. Morris S., and Shin H.-S. Global games: theory and applications. In: Dewatripont M., Hansen L., and Turnovsky S. (Eds). Advances in Economic Theory and Econometrics. Proceedings of the Eighth World Congress of the Econometric Society (2002), Cambridge University, Cambridge
22. Murphy K.M., Schleifer A., and Vishny R.W. Building blocks of market clearing business cycles. In: Blanchard O.J., and Fischer S. (Eds). NBER Macroeconomics Annual: 1989 (1989), MIT Press, Cambridge, MA
23. Okuno-Fujiwara M., Postlewaite A., and Suzumura K. Strategic information revelation. Rev. Econ. Stud. 57 (1990) 25-47
24. Radner R. Team decision problems. Ann. Math. Statist. 33 (1962) 857-881
25. Radner R., and Rosenthal R.W. Private information and pure-strategy equilibria. Mathematics Operations Res. 7 (1982) 401-409
26. P.J. Reny, On the existence of monotone pure strategy equilibria in Bayesian games, University of Chicago, 2005.
27. A. Sundararajan, Adoption Games with Network Effects: a Generalized Random Graph Model. NYU Stern School of Business, New York, 2004.
28. T. Van Zandt, Interim Bayesian Nash equilibrium on universal type spaces for supermodular games, INSEAD, 2006.
29. T. Van Zandt, X. Vives, Monotone equilibria in bayesian games of strategic complementarities: supplemental notes. http://faculty.insead.edu/vanzandt/papers/vz-vives-05s.pdf, 2005.
30. Vives X. Complementarities and games: new developments. J. Econ. Lit. 43 (2005) 437-479
31. Vives X. Nash equilibrium with strategic complementarities. J. Math. Econ. 19 (1990) 305-321
32. Vives X. Oligopoly Pricing: Old Ideas and New Tools (1999), MIT Press, Cambridge, MA