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The Strategic Advantage of Negatively Interdependent Preferences

  • Kockesen, Levent
  • Ok, Efe A.
  • Sethi, Rajiv

We study certain classes of supermodular and submodular games which are symmetric with respect to material payoffs but in which not all players seek to maximize their material payoofs. Specially, a subset of players have negatively interdependent preferences and care not only about their own material payoffs but also about their payoffs relative to others. We identify sufficient conditions under which members of the latter group have a strategic advantage in the following sense: at all intragroup symmetric equilibria of the game, they earn strictly higher material payoffs than do players who seek to maximize their material payoffs.

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File URL: http://www.sciencedirect.com/science/article/B6WJ3-45FCBRN-1H/2/05fe16f34a6d5294a30f99ad0abf2009
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Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 92 (2000)
Issue (Month): 2 (June)
Pages: 274-299

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Handle: RePEc:eee:jetheo:v:92:y:2000:i:2:p:274-299
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622869

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