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Approximation and Characterization of Nash Equilibria of Large Games

Carmona, Guilherme and Podczeck, Konrad (2020) Approximation and Characterization of Nash Equilibria of Large Games Economic Theory.

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Abstract

We characterize Nash equilibria of games with a continuum of players in terms of approximate equilibria of large finite games. This characterization precisely describes the relationship between equilibrium sets of the two classes of games. In particular, it yields several approximation results for Nash equilibria of games with a continuum of players, which roughly state that all finite-player games that are sufficiently close to a given game with a continuum of players have approximate equilibria that are close to a given Nash equilibrium of the non-atomic game.

Item Type: Article
Divisions : Faculty of Arts and Social Sciences > School of Economics
Authors :
NameEmailORCID
Carmona, Guilhermeg.carmona@surrey.ac.uk
Podczeck, Konrad
Date : 2020
Copyright Disclaimer : © 2020 Springer-Verlag GmbH Germany, part of Springer Nature.
Uncontrolled Keywords : Nash equilibrium; Non-atomic games; Large games; Approximation
Related URLs :
Depositing User : Clive Harris
Date Deposited : 06 Oct 2020 10:32
Last Modified : 06 Oct 2020 10:32
URI: http://epubs.surrey.ac.uk/id/eprint/858667

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