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- Title
Equilibrium existence in games with ties.
- Authors
Olszewski, Wojciech; Siegel, Ron
- Abstract
We provide conditions that simplify applying Reny's (1999) better‐reply security to Bayesian games and use these conditions to prove the existence of equilibria for classes of games in which payoff discontinuities arise only at "ties." These games include a general version of all‐pay contests, first‐prize auctions with common values, and Hotelling models with incomplete information.
- Subjects
EQUILIBRIUM; INFORMATION modeling; GAMES; AUCTIONS
- Publication
Theoretical Economics, 2023, Vol 18, Issue 2, p481
- ISSN
1555-7561
- Publication type
Article
- DOI
10.3982/TE5067