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Monotone equilibria in nonatomic supermodular games. A comment

Łukasz Balbus, Kevin Reffett and Łukasz Woźny

Games and Economic Behavior, 2015, vol. 94, issue C, 182-187

Abstract: Recently Yang and Qi (2013) stated an interesting theorem on the existence of complete lattice of equilibria in a particular class of large nonatomic supermodular games for general action and players spaces. Unfortunately, their result is incorrect. In this note, we detail the nature of the problem with the stated theorem, provide a counterexample, and then correct the result under additional assumptions.

Keywords: Large games; Supermodular games; Games with strategic complementarities; Distributional equilibria (search for similar items in EconPapers)
JEL-codes: C72 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1016/j.geb.2015.05.010

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