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Approximation and characterization of Nash equilibria of large games
Journal article   Open access   Peer reviewed

Approximation and characterization of Nash equilibria of large games

Guilherme Carmona and Konrad Podczeck
Economic Theory, Vol.73(2-3), pp.679-694
01/04/2022

Abstract

Nash equilibrium; Non-atomic games; Large games; Approximation
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.
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https://doi.org/10.1007/s00199-020-01314-9View
Published (Version of record) Open CC BY V4.0

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