Eric Hoffmann, Tarun Sabarwal
Abstract
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In Karp et al. 2007 an argument is made to show existence of Bayesian-Nash equilibrium in global games that may include both strategic substitutes and complements. This note documents a gap in the proof of that statement
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In Karp et al. 2007 an argument is made to show existence of Bayesian-Nash equilibrium in global games that may include both strategic substitutes and complements. This note documents a gap in the proof of that statement
Key concepts: Strategic complements, Argument (complex analysis), Statement (logic), Mathematical economics, Nash equilibrium, Strategy, Economics, Game theory