Parameterized state-contingent games, 3M minimal Nash correspondences, and connectedness
Under mild assumptions on primitives, we show that all parameterized state-contingent games (PSGs) have upper Caratheodory (uC) Nash (equilibrium) correspondences which contain minimal uC Nash correspondences having the 3M property (defined here). This implies that all PSGs have Nash correspondences made up of minimal uC Nash correspondences taking closed, connected, and essential Nash equilibrium values (essential in the sense of Fort, 1950). It then follows from Fu and Page (2022b), that because all PSGs have continuum valued minimal Nash correspondences, all PSGs have Caratheodory approximable Nash payoff correspondences - which in turn implies that all PSGs have approximable Nash payoff selection correspondences, and therefore have Nash payoff selection correspondences with fixed points.
| Item Type | Working paper |
|---|---|
| Keywords | m-tuples of Caratheodory functions,upper Caratheodory correspondences,continuum valued upper Caratheodory sub-correspondences,weak star upper semicontinuous measurable selection valued correspondences,approximate Caratheodory selections,fixed points of nonconvex,measurable selection valued correspondences induced by the composition of an m-tuple of Caratheodory functions with a continuum valued upper Caratheodory sub-correspondence |
| Departments | Systemic Risk Centre |
| Date Deposited | 05 Jun 2023 15:12 |
| URI | https://researchonline.lse.ac.uk/id/eprint/118877 |
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