A New Approach to Solving Production-Appropriation Games with Many Heterogeneous Players

29 Pages Posted: 1 Jun 2010

See all articles by Richard C. Cornes

Richard C. Cornes

Australian National University (ANU) - Faculty of Economics & Commerce; CESifo (Center for Economic Studies and Ifo Institute)

Roger Hartley

Keele University - Department of Economics

Yuji Tamura

Department of Economics and Finance, La Trobe University; ANU Centre for Economic Policy Research, Australian National University

Multiple version iconThere are 3 versions of this paper

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

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

Richard C. Cornes (Contact Author)

Australian National University (ANU) - Faculty of Economics & Commerce ( email )

Canberra, Australian Capital Territory 2601
Australia

CESifo (Center for Economic Studies and Ifo Institute) ( email )

Poschinger Str. 5
Munich, DE-81679
Germany

Roger Hartley

Keele University - Department of Economics ( email )

ST5 5BG Staffordshire, Staffs, ST5 5BG
United Kingdom

Yuji Tamura

Department of Economics and Finance, La Trobe University ( email )

Melbourne, VIC 3086
Australia

HOME PAGE: http://www.latrobe.edu.au/economics

ANU Centre for Economic Policy Research, Australian National University

Canberra, ACT 2600
Australia

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