The discretization of continuum strategy spaces

Carlos Alós-Ferrer

Research output: Contribution to journalArticle

Abstract

When the strategy set of a game is a continuum, its discretization may not conserve local properties even for arbitrarily fine strategy grids. This paper provides two technical lemmata which are useful to deal with these problems in particular contexts. Four applications are presented, regarding the discretization of Cournot and Bertrand oligopolies, a consumer optimization problem, and an insurance market.

Original languageEnglish (US)
Pages (from-to)499-514
Number of pages16
JournalInternational Game Theory Review
Volume8
Issue number3
DOIs
StatePublished - Sep 2006

Keywords

  • Continuum strategy spaces
  • Discretization
  • Oligopolies

ASJC Scopus subject areas

  • Business and International Management
  • Computer Science(all)
  • Statistics, Probability and Uncertainty

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