On the Structure of ρ-Best Response Sets in Monotone Games

التفاصيل البيبلوغرافية
العنوان: On the Structure of ρ-Best Response Sets in Monotone Games
المؤلفون: Anne-Christine Barthel, Eric Hoffmann
المصدر: SSRN Electronic Journal.
بيانات النشر: Elsevier BV, 2019.
سنة النشر: 2019
مصطلحات موضوعية: Discrete mathematics, Set (abstract data type), symbols.namesake, Monotone polygon, Strategic complements, Complete lattice, Computer science, Nash equilibrium, Best response, symbols, Point (geometry), State (functional analysis)
الوصف: The notion of a p-best-response (p-BR) set was developed in order to relax some of the stringent epistemic requirements for the emergence of equilibrium play. Although this concept has clear conceptual advantages, one drawback of non-fixed point approaches is the loss of computational tractability in all but the simplest of settings. We show that when best-response correspondences are monotone, "exact" p- best response sets (exact p-BR) and p-minimal bestresponse (p-MBR) sets, as developed in Tercieux (2006), can be solved for as the Nash equilibria of an auxiliary game, so that traditional optimization methods may still be applied. As a result, we are able to state necessary and sufficient conditions for a set to be a p-MBR set. We also show that in the case of GSC, the set of exact p-BR sets is a complete lattice, but is completely unordered if at least one player's payoffs exhibit strict strategic substitutes. Examples are given.
تدمد: 1556-5068
DOI: 10.2139/ssrn.3457290
URL الوصول: https://explore.openaire.eu/search/publication?articleId=doi_________::1ae4c313c894b39f7181ab86ef06ee30
https://doi.org/10.2139/ssrn.3457290
رقم الانضمام: edsair.doi...........1ae4c313c894b39f7181ab86ef06ee30
قاعدة البيانات: OpenAIRE
الوصف
تدمد:15565068
DOI:10.2139/ssrn.3457290