Invariant Equilibrium in Discontinuous Bayesian Games

Invariant Equilibrium in Discontinuous Bayesian Games

Blog Article

We provide sufficient conditions on the primitives of a class of discontinuous Bayesian games such that all games in the class share equilibria.If a Bayesian game in the class also satisfies a Machines weak efficiency condition, then we show its normal form is better-reply secure.The invariance property then provides an existence result for all Bayesian Kratom Gummies games in the class.Results are shown for both pure strategy and behavioral strategy equilibrium.We illustrate the application of the results with an example of a class of contests with bid caps.