A Direct Proof of the Existence of Pure Strategy Equilibria in Large Generalized Games with Atomic Players
Author(s) -
Álvaro Riascos,
Juan Pablo Torres-Martínez
Publication year - 2010
Publication title -
ssrn electronic journal
Language(s) - English
Resource type - Journals
ISSN - 1556-5068
DOI - 10.2139/ssrn.1625481
Subject(s) - direct proof , mathematical economics , mathematics , pure mathematics
We consider a game with a continuum of players where at most a finite number of them are atomic. Objective functions are continuous and admissible strategies may depend on the actions chosen by atomic players and on aggregate information about the actions chosen by non-atomic players. When atomic players have convex sets of admissible strategies and quasi-concave objective functions, a pure strategy Nash equilibria always exists.
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