Existence of equilibria in discontinuous Bayesian games

Wei He and Nicholas C. Yannelis

Journal of Economic Theory, 2016, vol. 162, issue C, 181-194

Abstract: 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.

Keywords: Discontinuous Bayesian game; Behavioral strategy; Random disjoint payoff matching; Equilibrium existence; All-pay auction (search for similar items in EconPapers)
JEL-codes: C62 C72 D82 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:162:y:2016:i:c:p:181-194

DOI: 10.1016/j.jet.2015.12.009

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