A New Approach to Solving Production-Appropriation Games with Many Heterogeneous Players
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.
|Date of creation:||2010|
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"Bilateral oligopoly and quantity competition,"
SIRE Discussion Papers
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99-00-12, California Irvine - School of Social Sciences.
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NajEcon Working Paper Reviews
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050623, University of California-Irvine, Department of Economics, revised Sep 2006.
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KERP 2007/13, Centre for Economic Research, Keele University.
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