“Majorized correspondences and equilibrium existence in discontinuous games” -the paper by Pavlo Prokopovych has been published
April 15, 2015
The paper Majorized correspondences and equilibrium existence in discontinuous games by Pavlo Prokopovych, KSE Associate Professor, Senior Economist, has been published as ‘Online First’ on SpringerLink.
Abstract
This paper is aimed at widening the scope of applications of majorized correspondences. A new class of majorized correspondences—domain
U
-majorized correspondences—is introduced. For them, a maximal element existence theorem is established. Then, sufficient conditions for the existence of an equilibrium in qualitative games are provided. They are used to show the existence of a pure strategy Nash equilibrium in compact quasiconcave games that are either correspondence secure or correspondence transfer continuous.
The paper is fully accessible to all users at libraries and institutions that have purchased a SpringerLink license.
Pavlo will make a presentation of the Paper at the symposium on discontinuous games, which will take place within the framework of the 15th SAET conference on current trends in economics at the University of Cambridge, UK, July 27-31, 2015. For more details on the event please visit – http://saet.uiowa.edu/2015/