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

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  • Richard Cornes

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  • Roger Hartley
  • Yuji Tamura

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.

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Bibliographic Info

Paper 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.

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Length: 25 Pages
Date of creation: May 2010
Date of revision:
Handle: RePEc:acb:cbeeco:2010-521

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  1. Garfinkel,Michelle R. & Skaperdas,Stergios (ed.), 1996. "The Political Economy of Conflict and Appropriation," Cambridge Books, Cambridge University Press, number 9780521560634, October.
  2. Alex Dickson & Roger Hartley, 2007. "The strategic Marshallian cross," Keele Economics Research Papers KERP 2007/13, Centre for Economic Research, Keele University.
  3. Anderton,Charles H. & Carter,John R., 2009. "Principles of Conflict Economics," Cambridge Books, Cambridge University Press, number 9780521875578, October.
  4. Skogh, Goran & Stuart, Charles, 1982. " A Contractarian Theory of Property Rights and Crime," Scandinavian Journal of Economics, Wiley Blackwell, vol. 84(1), pages 27-40.
  5. Alex Dickson & Roger Hartley, 2009. "Bilateral oligopoly and quantity competition," The School of Economics Discussion Paper Series 0911, Economics, The University of Manchester.
  6. Richard Cornes & Roger Hartley, 2007. "Aggregative Public Good Games," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 9(2), pages 201-219, 04.
  7. Michelle R. Garfinkel & Stergios Skaperdas, 2006. "Economics of Conflict: An Overview," Working Papers 050623, University of California-Irvine, Department of Economics, revised Sep 2006.
  8. Grossman, Herschel I & Kim, Minseong, 1995. "Swords or Plowshares? A Theory of the Security of Claims to Property," Journal of Political Economy, University of Chicago Press, vol. 103(6), pages 1275-88, December.
  9. Garfinkel, M.R. & Skaperdas, S., 2000. "Contract or War? On the Consequences of a Broader View of Self-Interest in Economics," Papers 99-00-12, California Irvine - School of Social Sciences.
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