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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.

Suggested Citation

  • Richard Cornes & Roger Hartley & Yuji Tamura, 2010. "A New Approach to Solving Production-Appropriation Games with Many Heterogeneous Players," ANU Working Papers in Economics and Econometrics 2010-521, Australian National University, College of Business and Economics, School of Economics.
  • Handle: RePEc:acb:cbeeco:2010-521
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    File URL: https://www.cbe.anu.edu.au/researchpapers/econ/wp521.pdf
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    References listed on IDEAS

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    1. 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.

    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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