Aggregative games and best-reply potentials

被引:142
作者
Jensen, Martin Kaae [1 ]
机构
[1] Univ Birmingham, Dept Econ, Birmingham B15 2TT, W Midlands, England
关键词
Aggregative games; Aggregation; Strategic substitutes; Nash equilibrium; Potential game; Best-reply dynamics; COMPARATIVE STATICS; BEHAVIOR; DYNAMICS;
D O I
10.1007/s00199-008-0419-8
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper introduces quasi-aggregative games and establishes conditions under which such games admit a best-reply potential. This implies existence of a pure strategy Nash equilibrium without any convexity or quasi-concavity assumptions. It also implies convergence of best-reply dynamics under some additional assumptions. Most of the existing literature's aggregation concepts are special cases of quasi-aggregative games, and many new situations are allowed for. An example is payoff functions that depend on own strategies as well as a linear combination of the mean and the variance of players' strategies.
引用
收藏
页码:45 / 66
页数:22
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