A New Approach to Solving Production-Appropriation Games with Many Heterogeneous Players
AbstractWe 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.
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Bibliographic InfoPaper provided by Australian National University, College of Business and Economics, School of Economics in its series ANU Working Papers in Economics and Econometrics with number 2010-521.
Length: 25 Pages
Date of creation: May 2010
Date of revision:
Other versions of this item:
- Richard Cornes & Roger Hartley & Yuji Tamura, 2010. "A New Approach to Solving Production-Appropriation Games with Many Heterogeneous Players," CESifo Working Paper Series 3060, CESifo Group Munich.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances
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