Citation:
Levy, Yehuda (John) . “A Cantor Set Of Games With No Shift-Homogeneous Equilibrium Selection”. Discussion Papers 2012. Web.
Abstract:
We construct a continuum of games on a countable set of players that does not possess a measurable equilibrium selection that satisfies a natural homogeneity property. The explicit nature of the construction yields counterexamples to the existence of equilibria in models with overlapping generations and in games with a continuum of players.