Order on types based on monotone comparative statics

Order on types based on monotone comparative statics

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...

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Bibliographic Details
Main Authors: KUNIMOTO, Takashi, YAMASHITA, Takuro
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2020
Subjects:
common certainty of optimism
least equilibrium
greatest equilibrium
interim correlated rationalizaibility
monotone comparative statics
supermodularity
universal type space.
Economic Theory
Online Access: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
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Institution: Singapore Management University
Language: English

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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

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