Noise-Independent Selection in Multidimensional Global Games

Marion Oury

No 2012-28, THEMA Working Papers from THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise

Abstract: This paper examines many-player many-action global games with multidimensional state parameters. It establishes that the notion of noise-independent selection introduced by Frankel, Morris and Pauzner (Journal of Economic Theory 108 (2003) 1- 44) for onedimensional global games is robust when the setting is extended to the one proposed by Carlsson and Van Damme (Econometrica, 61, 989-1018). More precisely, our main result states that if an action pro le of some complete information game is noise-independently selected in some one-dimensional global game, then it is also noise-independently selected in all multidimensional global games.

Keywords: equilibrium selection; global games; strategic complementarities; robustness. (search for similar items in EconPapers)
JEL-codes: C72 D82 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-cta, nep-gth and nep-mic
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:ema:worpap:2012-28

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