On knots and dynamics in games

Stefano de Michelis and Fabrizio Germano

No 2000010, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: We extend Kohlberg and Mertens' (1986) structure theorem concerning the Nash equilibrium correspondence to show that its graph is not only homeomorphic to the underlying space of games but that it is also unknotted. This is then shown to have some basic consequences for dynamics whose rest points are Nash equilibria.

Date: 2000-02-01
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Related works:
Journal Article: On (un)knots and dynamics in games (2002)
Working Paper: On Knots and Dynamics in Games (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2000010

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