Two simple proofs of the feasibility of the linear tracing procedure

Authors
Citation
Pjj. Herings, Two simple proofs of the feasibility of the linear tracing procedure, ECON THEORY, 15(2), 2000, pp. 485-490
Citations number
10
Categorie Soggetti
Economics
Journal title
ECONOMIC THEORY
ISSN journal
09382259 → ACNP
Volume
15
Issue
2
Year of publication
2000
Pages
485 - 490
Database
ISI
SICI code
0938-2259(200003)15:2<485:TSPOTF>2.0.ZU;2-B
Abstract
Theories of equilibrium selection in non-cooperative games, as well as the notion of risk dominance, depend heavily on the so-called linear tracing pr ocedure. This is the first paper to give direct, simple proofs of the feasi bility of the linear tracing procedure. The first proof utilizes a result t hat is related to Kakutani's fixed point theorem and that is an extension o f Browder's fixed point theorem. The second proof shows that it is even pos sible to avoid the use of correspondences.