Article ID: | iaor20135226 |
Volume: | 38 |
Issue: | 3 |
Start Page Number: | 492 |
End Page Number: | 503 |
Publication Date: | Aug 2013 |
Journal: | Mathematics of Operations Research |
Authors: | Levy Yehuda |
Keywords: | network equilibrium |
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.