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Takashi Ui and Yasunori Yoshizawa |
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''Radner's Theorem on Teams and Games with a Continuum of Players'' |
( 2013, Vol. 33 No.1 ) |
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This note considers Bayesian games with a continuum of players, symmetric quadratic payoff functions, and normally distributed signals. It shows that a recent result on the existence and uniqueness of equilibrium is implied by a classical theorem on teams by Radner (1962, Ann. Math. Stat. 33).
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Keywords: unique linear equilibrium, Bayesian potential game, team. |
JEL: D8 - Information, Knowledge, and Uncertainty: General |
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Manuscript Received : Nov 27 2012 | | Manuscript Accepted : Jan 08 2013 |
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