Citation:
Levy, Y. (J. ). (2012). A Cantor Set of Games with No Shift-Homogeneous Equilibrium Selection. Discussion Papers. presented at the 4. Retrieved from /files/dp607.pdf
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.