The Exact Solution of Spatial Logit Response Games
January 29, 2011
Logit response games with spatial structures are exactly solved. We exactly derive the probability that a player choose a strategy, the correlation function of strategies of distant players, and the expected utility.
Number of Pages in PDF File: 15
Keywords: Spatial Competitions, Spatial Games, Local Interactions, Logit, Exact Solutions
JEL Classification: R00, R30, R32, R39, D21
Date posted: January 30, 2011