36 research outputs found
An elementary method of calculating an explicit form of Young measures in some special cases
We present an elementary method of explicit calculation of Young measures for
certain class of functions. This class contains in particular functions of a
highly oscillatory nature which appear in optimization problems and
homogenization theory. In engineering such situation occurs for instance in
nonlinear elasticity (solid-solid phase transition in certain elastic
crystals). Young measures associated with oscillating minimizing sequences
gather information about their oscillatory nature and therefore about
underlying microstructure. The method presented in the paper makes no use of
functional analytic tools. There is no need to use generalized version of the
Riemann {Lebesgue lemma and to calculate weak* limits of functions. The main
tool is the change of variable theorem. The method applies both to sequences of
periodic and nonperiodic functions.Comment: 11 pages, no figures An article in its new version due to the
reviewers' remarks. All the results stated and proved in multidimensional
version; corrected innacuracie
Differential information in large games with strategic complementarities
We study equilibrium in large games of strategic complementarities (GSC) with differential information. We define an appropriate notion of distributional Bayesian Nash equilibrium and prove its existence. Furthermore, we characterize order-theoretic properties of the equilibrium set, provide monotone comparative statics for ordered perturbations of the space of games, and provide explicit algorithms for computing extremal equilibria. We complement the paper with new results on the existence of Bayesian Nash equilibrium in the sense of Balder and Rustichini (J Econ Theory 62(2):385â393, 1994) or Kim and Yannelis (J Econ Theory 77(2):330â353, 1997) for large GSC and provide an analogous characterization of the equilibrium set as in the case of distributional Bayesian Nash equilibrium. Finally, we apply our results to riot games, beauty contests, and common value auctions. In all cases, standard existence and comparative statics tools in the theory of supermodular games for finite numbers of agents do not apply in general, and new constructions are required