Mixed equilibria in games of strategic complementarities

被引:0
|
作者
Federico Echenique
机构
[1] Universidad Torcuato Di Tella,
[2] Miñones 2177,undefined
[3] C1428ATG Buenos Aires,undefined
[4] ARGENTINA ,undefined
[5] Facultad de Ciencias Sociales,undefined
[6] Universidad de la República,undefined
[7] Montevideo,undefined
[8] URUGUAY (e-mail: fechenique@utdt.edu) ,undefined
来源
Economic Theory | 2003年 / 22卷
关键词
Keywords and Phrases: Supermodular games, Strategic complementarities, Mixed strategy equilibria, Learning.; JEL Classification Numbers: C72, C73.;
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摘要
The literature on games of strategic complementarities (GSC) has focused on pure strategies. I introduce mixed strategies and show that, when strategy spaces are one-dimensional, the complementarities framework extends to mixed strategies ordered by first-order stochastic dominance. In particular, the mixed extension of a GSC is a GSC, the full set of equilibria is a complete lattice and the extremal equilibria (smallest and largest) are in pure strategies. The framework does not extend when strategy spaces are multi-dimensional. I also update learning results for GSC using stochastic fictitious play.
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页码:33 / 44
页数:11
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