
Two finite strategic games are best-response equivalent if they have the same best-response correspondence (for mixed strategies). A characterization of best-response equivalence is given, under generic conditions. In particular, it shows that a large class of games are best-response equivalent to identical interest games, but are not potential games. A similar characterization is also given for better-response equivalence, and links with Von Neumann-Morgenstern equivalence are provided.
Noncooperative games, better-response equivalence, VNM-equivalence, Best response equivalence; Duality; Farkas' Lemma; Potential games, potential games, best-response equivalence, games with own-strategy unimodality, Spaces of games, jel: jel:C72
Noncooperative games, better-response equivalence, VNM-equivalence, Best response equivalence; Duality; Farkas' Lemma; Potential games, potential games, best-response equivalence, games with own-strategy unimodality, Spaces of games, jel: jel:C72
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