Mixed Equilibria in Games of Strategic Complements Are Unstable

Posted: 14 Apr 2005

See all articles by Federico Echenique

Federico Echenique

California Institute of Technology - Division of the Humanities and Social Sciences

Aaron S. Edlin

University of California at Berkeley; National Bureau of Economic Research (NBER)

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Abstract

In games with strict strategic complementarities, properly mixed Nash equilibria - equilibria that are not in pure strategies - are unstable for a broad class of learning dynamics.

Keywords: Mmixed-strategy equilibrium, learning, supermodular games, strategic complementarities, equilibrium selection

JEL Classification: C72, C73

Suggested Citation

Echenique, Federico and Edlin, Aaron S., Mixed Equilibria in Games of Strategic Complements Are Unstable. Journal of Economic Theory, Vol. 118, No. 1, pp. 61-79, September 2004. Available at SSRN: https://ssrn.com/abstract=691370

Federico Echenique (Contact Author)

California Institute of Technology - Division of the Humanities and Social Sciences ( email )

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Aaron S. Edlin

University of California at Berkeley ( email )

Dept of Economics 549 Evans Hall #3880
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National Bureau of Economic Research (NBER)

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