COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
AT YALE UNIVERSITY

Box 208281
New Haven, CT 06520-8281

COWLES FOUNDATION DISCUSSION PAPER NO. 1095

A Bound on the Number of Nash Equilibria in a Coordination Game

Thomas Quint and Martin Shubik

February 1995

We prove that a "nondegenerate" m × m coordination game can have at most 2^M - 1 Nash equilibria, where M = min(m,n).