Decision Sciences
8 years ago

New Equilibrium Concept Revolutionizes Auction Models and Strategic Games!

HAL (Le Centre pour la Communication Scientifique Directe)
On the Existence of Approximated Equilibria and Sharing-Rule Equilibria in Discontinuous Games
Philippe Bich, Rida Laraki

Paper Summary

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New concepts of equilibrium have been discovered in games with discontinuous payoffs. These concepts link security conditions and tie-breaking rules, provide conditions for approximated equilibria in certain games, and show the existence of approximated equilibria in a wide range of two-player games, including auctions.