We introduce a new complete metric space of discontinuous normal form games and prove that the Nash equilibrium correspondence is upper semicontinuous with non-empty and compact values. So, using the Theorem of Fort (1949), we obtain that the correspondence is also lower semicontinuous in a dense subset. We introduce new topological assumptions on the payoff functions and a strengthening of standard quasi-concavity properties. Examples show that our results cannot be obtained from the previous ones.
Continuity properties of the Nash equilibrium correspondence in a discontinuous setting / Scalzo, Vincenzo. - In: JOURNAL OF MATHEMATICAL ANALYSIS AND APPLICATIONS. - ISSN 0022-247X. - 473:(2019), pp. 1270-1279. [10.1016/j.jmaa.2019.01.021]
Continuity properties of the Nash equilibrium correspondence in a discontinuous setting
Scalzo, Vincenzo
2019
Abstract
We introduce a new complete metric space of discontinuous normal form games and prove that the Nash equilibrium correspondence is upper semicontinuous with non-empty and compact values. So, using the Theorem of Fort (1949), we obtain that the correspondence is also lower semicontinuous in a dense subset. We introduce new topological assumptions on the payoff functions and a strengthening of standard quasi-concavity properties. Examples show that our results cannot be obtained from the previous ones.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.