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Aggregative Games

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Author Info
Martin K. Jensen

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Abstract

An abstract notion of aggregative games is introduced and a pure strategy Nash equilibrium shown to exist for such games. Convergence of best-reply improvement dynamics is also studied. All assumptions are straight-forward to check in concrete applications. The paper’s results generalize the main results of Dubey et al. (2006) and Kukushkin (2005). Likewise, the aggregator concept of Alos-Ferrer and Ania (2005) and Schipper (2005) is a special case. The relationship with both is studied in detail. A number of examples illustrate the paper’s main findings. Among these a model of open source development may be of some independent interest.

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File URL: ftp://ftp.bham.ac.uk/pub/RePEc/pdf/AggGames.pdf
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Publisher Info
Paper provided by Department of Economics, University of Birmingham in its series Discussion Papers with number 06-10.

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Length: 27 pages
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Handle: RePEc:bir:birmec:06-10

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Postal: Edgbaston, Birmingham, B15 2TT
Web page: http://www.economics.bham.ac.uk
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Related research
Keywords: Aggregative Games; Aggregation; Strategic Substitutes; Nash Equilibrium; Potential Game; Best-reply Dynamics;

Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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This page was last updated on 2009-11-19.

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