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Invariance of the equilibrium set of games with an endogenous sharing rule
Journal article   Open access  Peer reviewed

Invariance of the equilibrium set of games with an endogenous sharing rule

Guilherme Carmona and K Podczeck
Journal of Economic Theory, Vol.177, pp.1-33
09/2018

Abstract

Games with an endogenous sharing rule; Discontinuous games; Equilibrium; Invariance
We consider games with an endogenous sharing rule and provide conditions for the invariance of the equilibrium set, i.e., for the existence of a common equilibrium set for the games defined by each possible sharing rule. Applications of our results include Bertrand competition with convex costs, electoral competition, and contests
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http://doi.org/10.1016/j.jet.2018.05.011View
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