Equilibrium Selection in Global Games with

Abstract

yers and actions, and slightly noisy payoff signals. We prove limit unique- ness: as the signal noise vanishes, the game has a unique strategy profile that survives iterative dominance. This generalizes a result of Carlsson and van Damme (1993) for two player, two action games. The surviving profile, however, may depend on fine details of the structure of the noise. We provide sufficient conditions on payoffs for there to be noise-independent selection. Journal of Economic Literature Classification Numbers: C72, D82. Keywords: