Order on types based on monotone comparative statics

• Main Authors: KUNIMOTO, Takashi, YAMASHITA, Takuro
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2020
• 主題: common certainty of optimism; least equilibrium; greatest equilibrium; interim correlated rationalizaibility; monotone comparative statics; supermodularity; universal type space.; Economic Theory
• 在線閱讀: https://ink.library.smu.edu.sg/soe_research/2451; https://ink.library.smu.edu.sg/context/soe_research/article/3450/viewcontent/order_on_types_May_26_2020.pdf
• 機構: Singapore Management University

This paper introduces a novel concept of orders on types by which the so-called monotone comparative statics is valid in all supermodular games with incomplete information. We fully characterize this order in terms of what we call common optimism, providing a sense in which our order has a sharp epi...