Comments on the existence of equilibrium distributions

Article Abstract:

The equilibrium distribution existence result of Khan and Rustichini can be extended based on the general approach to the existence of Nash equilibria introduced by Balder (1991). The countability assumption for the omega space signals in Khan and Rustichini can be discarded, provided that mixed decision rules are considered. Consequently, the results of Khan and Rustichini remain valid minus the uniform boundedness condition.

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Simulation-based estimation of dynamic models with continuous equilibrium solutions

Article Abstract:

Several results on consistency properties of simulation-based estimators for general class of dynamic models with continuous law of motion are presented. A fairly systematic study of consistency properties of some simulation-based estimators of continuous dynamical systems is presented.

Models, Mathematical analysis

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An equilibrium existence result for games with incomplete information and indeterminate outcomes

Article Abstract:

Presentation of an equilibrium existence result for games with incomplete information and indeterminate outcomes is given. With this a recent equilibrium existence result of Jackson, Simon, Swinkels and Zame is partially extended.

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