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

  • Richard Cornes

    ()

  • Roger Hartley
  • Yuji Tamura

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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File URL: http://cbe.anu.edu.au/researchpapers/econ/wp521.pdf
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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. Dickson, Alex & Hartley, Roger, 2008. "The strategic Marshallian cross," Games and Economic Behavior, Elsevier, vol. 64(2), pages 514-532, November.
  2. Garfinkel, Michelle R. & Skaperdas, Stergios, 2007. "Economics of Conflict: An Overview," Handbook of Defense Economics, Elsevier.
  3. 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.
  4. Alex Dickson & Roger Hartley, 2009. "Bilateral oligopoly and quantity competition," Working Papers 0922, University of Strathclyde Business School, Department of Economics.
  5. repec:cup:cbooks:9780521875578 is not listed on IDEAS
  6. 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.
  7. Richard Cornes & Roger Hartley, 2003. "Aggregative Public Goods Games," NajEcon Working Paper Reviews 666156000000000063, www.najecon.org.
  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. repec:cup:cbooks:9780521560634 is not listed on IDEAS
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