Intermediate Preferences and Behavioral Conformity in Large Games
AbstractWe consider games with a continuum of players and intermediate prefer- ences. We show that any such game has a Nash equilibrium that induces a partition of the set of attributes into a bounded number of convex sets with the following property: all players with an attribute in the interior of the same element of the partition play the same action. Furthermore, if the game induces an absolutely continuous distribution (with respect to the Lebesgue measure) on the attribute space, then we can strengthen the conclusion by showing that all players with an attribute in the same element of the partition play the same action.
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Bibliographic InfoPaper provided by Universidade Nova de Lisboa, Faculdade de Economia in its series FEUNL Working Paper Series with number wp523.
Length: 49 pages
Date of creation: 2007
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Web page: http://www.fe.unl.pt
Other versions of this item:
- Guilherme Carmona, 2009. "Intermediate Preferences and Behavioral Conformity in Large Games," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(1), pages 9-25, 02.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Wooders, Myrna & Cartwright, Edward & Selten, Reinhard, 2006.
"Behavioral conformity in games with many players,"
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- Guilherme Carmona, 2004.
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Game Theory and Information
- Carmona, Guilherme, 2004. "Nash Equilibria of Games with a Continuum of Players," FEUNL Working Paper Series wp466, Universidade Nova de Lisboa, Faculdade de Economia.
- Rashid, Salim, 1983. "Equilibrium points of non-atomic games : Asymptotic results," Economics Letters, Elsevier, vol. 12(1), pages 7-10.
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