the application of Best response has a closed graph. Conclude that the application of best response has a closed graph.

Managerial Economics: A Problem Solving Approach
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ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter15: Strategic Games
Section: Chapter Questions
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Micro Nash game theory

Show that if in a game G, the sets of actions (A i) i in N are compact, and the payment functions (u i) i in N are continuous, then for all i in N, the application of Best response has a closed graph. Conclude that the application of best response has a closed graph.

Micro Nash game theory
Show that if in a game G, the sets of actions (A ;) i in N are compact, and the payment functions (u ¡)
i in N are continuous, then for all i in N, the application of Best response has a closed graph.
Conclude that the application of best response has a closed graph.
Transcribed Image Text:Micro Nash game theory Show that if in a game G, the sets of actions (A ;) i in N are compact, and the payment functions (u ¡) i in N are continuous, then for all i in N, the application of Best response has a closed graph. Conclude that the application of best response has a closed graph.
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