Mixed equilibria are unstable in games of strategic complements

Journal of Economic Theory

Volumn 118, Issue 1, 2004, Pages 61-79

  Echenique, Federico ^a   Edlin, Aaron ^b  

^a CALIFORNIA INSTITUTE OF TECHNOLOGY   (United States)

^b UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

Learning in games; Mixed equilibrium; Strategic complementarities; Supermodular games

Indexed keywords

EID: 4344593226     PISSN: 00220531     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jet.2003.10.004     Document Type: Article

References (24)

1. Aliprantis C.D. Border K.C. Infinite Dimensional Analysis 1999 Springer Berlin
2. Benaim M. Hirsch M.W. Mixed equilibria and dynamical systems arising from fictitious play in perturbed games Games Econ. Behav. 29 1-2 1999 36-72
3. Crawford V.P. Learning the optimal strategy in a zero-sum game Econometrica 42 5 1974 885-891
4. Crawford V.P. Learning behavior and mixed-strategy Nash equilibria J. Econ. Behav. Organ. 6 1 1985 69-78
5. Crawford V.P. Learning and mixed-strategy equilibria in evolutionary games J. Theoretical Biol. 140 4 1989 537-550
6. Echenique F. Mixed equilibria in games of strategic complements Econ. Theory 22 3 2003 33-44
7. Ellison G. Fudenberg D. Learning purified mixed equilibria J. Econ. Theory 90 1 2000 84-115
8. Fudenberg D. Kreps D.M. Learning mixed equilibria Games Econ. Behav. 5 3 1993 320-367
9. Fudenberg D. Levine D.K. The theory of learning in games MIT Press Series on Economic Learning and Social Evolution Vol. 2 1998 MIT Press Cambridge, MA
10. Fudenberg D. Tirole J. Game Theory 1991 MIT Press Cambridge, MA
11. Hirsch M.W. Smale S. Differential Equations, Dynamical Systems, and Linear Algebra 1974 Academic Press New York
12. J. Hofbauer, E. Hopkins, Learning in perturbed asymmetric games, Mimeo,
13. Hopenhayn H.A. Prescott E.C. Stochastic monotonicity and stationary distributions for dynamic economies Econometrica 60 6 1992 1387-1406
14. Kaniovski Y.M. Young H.P. Learning dynamics in games with stochastic perturbations Games Econ. Behav. 11 2 1995 330-363
15. Milgrom P. Good news and bad news: Representation theorems and applications Bell J. Econ. 12 2 1981 380-391
16. Milgrom P. Shannon C. Monotone comparative statics Econometrica 62 1 1994 157-180
17. Osborne M.J. Rubinstein A. A Course in Game Theory 1994 MIT Press Cambridge, MA
18. Royden H.L. Real Analysis 1988 Prentice-Hall Englewood Cliffs, NJ
19. W. Sandholm, Evolution in bayesian games II: applications, Mimeo, 2003
20. Tirole J. The Theory of Industrial Organization 1988 MIT Press Cambridge, MA
21. Topkis D.M. Equilibrium points in nonzero-sum n-person submodular games SIAM J. Control Optimizat. 17 6 1979 773-787
22. Topkis D.M. Supermodularity and Complementarity 1998 Princeton University Press Princeton, NJ
23. Vives X. Nash equilibrium with strategic complementarities J. Math. Econ. 19 3 1990 305-321
24. Vives X. Oligopoly Pricing 1999 MIT Press Cambridge, MA