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Essential equilibria in normal-form games
Authors:Oriol Carbonell-Nicolau
Institution:Department of Economics, Rutgers University, 75 Hamilton Street, New Brunswick, NJ 08901, USA
Abstract:A Nash equilibrium x of a normal-form game G is essential if any perturbation of G has an equilibrium close to x. Using payoff perturbations, we show that for games that are generic in the set of compact, quasiconcave, and generalized payoff secure games with upper semicontinuous sum of payoffs, all equilibria are essential. Some variants of this result are also established.
Keywords:C72
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