Jump to ContentJump to Main Navigation

Online

49,00 € / $74.00*

* Prices subject to change. Shipping costs will be added if applicable.
Publication Date:
August 2011
ISSN:
1935-1704
DOI:
10.2202/1935-1704.1734

See all formats and pricing

Online
Individual Subscription Online only
Euro [D] 49.00
RRP for USA, Canada, Mexico
US$ 74.00 *
Print
Individual Subscription Online only
Euro [D] 234.00
RRP for USA, Canada, Mexico
US$ 315.00 *
Print + Online
Individual Subscription Online only
Euro [D] 281.00
RRP for USA, Canada, Mexico
US$ 378.00 *
*Prices subject to change. Shipping costs will be added if applicable.

Ed. by Cervellati, Matteo / Fong, Yuk-fai / Peeters, Ronald / Puzzello , Daniela / Rivas, Javier / Schipper, Burkhard

1 Issue per year

Increased IMPACT FACTOR 2011: 0.490

A New Existence and Uniqueness Theorem for Continuous Games

Seamus D Hogan1

1University of Canterbury, seamus.hogan@canterbury.ac.nz

Citation Information: The B.E. Journal of Theoretical Economics. Volume 11, Issue 1, Pages –, ISSN (Online) 1935-1704, DOI: 10.2202/1935-1704.1734, August 2011

Publication History:
Published Online:
2011-08-04

This paper derives a general sufficient condition for existence and uniqueness in continuous games using a variant of the contraction mapping theorem applied to mappings from a subset of the real line on to itself. We first prove this contraction mapping variant, and then show how the existence of a unique equilibrium in the general game can be shown by proving the existence of a unique equilibrium in an iterative sequence of games involving such mappings. Finally, we show how a general condition for this to occur is that a matrix derived from the Jacobian matrix of best-response functions has positive leading principal minors, and how this condition generalises some existing uniqueness theorems for particular games. In particular, we show how the same conditions used in those theorems to show uniqueness, also guarantee existence in games with unbounded strategy spaces.

Keywords: existence; uniqueness; continuous games; contraction mapping theorem

Comments (0)

Please log in or register to comment.