A New Approach to Solving Production-Appropriation Games with Many Heterogeneous Players
29 Pages Posted: 1 Jun 2010
There are 2 versions of this paper
Two-Aggregate Games: Demonstration Using a Production-Appropriation Model
Scandinavian Journal of Economics, Forthcoming
Number of pages: 31
Posted: 03 Nov 2010
Last Revised: 29 Jan 2017
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97
Date Written: May 2010
Abstract
We set out a model of production and appropriation involving many players, who differ with respect to both resource endowments and productivities. We write down the model in a novel way that permits our analysis to avoid the proliferation of dimensions associated with the best response function approach as the number of heterogeneous players increases. We establish existence of a unique equilibrium in pure strategies, and carry out some comparative static exercises.
Keywords: conflict, noncooperative games, aggregative games
JEL Classification: C72, D74
Suggested Citation: Suggested Citation
Cornes, Richard C. and Hartley, Roger and Tamura, Yuji, A New Approach to Solving Production-Appropriation Games with Many Heterogeneous Players (May 2010). CESifo Working Paper Series No. 3060, Available at SSRN: https://ssrn.com/abstract=1618194 or http://dx.doi.org/10.2139/ssrn.1618194
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