IDEAS home Printed from https://ideas.repec.org/p/unl/unlfep/wp523.html
   My bibliography  Save this paper

Intermediate Preferences and Behavioral Conformity in Large Games

Author

Listed:
  • Carmona, Guilherme

Abstract

We 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.

Suggested Citation

  • Carmona, Guilherme, 2007. "Intermediate Preferences and Behavioral Conformity in Large Games," FEUNL Working Paper Series wp523, Universidade Nova de Lisboa, Faculdade de Economia.
  • Handle: RePEc:unl:unlfep:wp523
    as

    Download full text from publisher

    File URL: http://fesrvsd.fe.unl.pt/WPFEUNL/WP2007/wp523.pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Khan, M. Ali & Yeneng, Sun, 1995. "Pure strategies in games with private information," Journal of Mathematical Economics, Elsevier, vol. 24(7), pages 633-653.
    2. Wooders, Myrna & Cartwright, Edward & Selten, Reinhard, 2006. "Behavioral conformity in games with many players," Games and Economic Behavior, Elsevier, vol. 57(2), pages 347-360, November.
    3. SCHMEIDLER, David, 1973. "Equilibrium points of nonatomic games," CORE Discussion Papers RP 146, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    4. Carmona, Guilherme, 2004. "Nash Equilibria of Games with a Continuum of Players," FEUNL Working Paper Series wp466, Universidade Nova de Lisboa, Faculdade de Economia.
    5. Rath, Kali P, 1995. "Representation of Finite Action Large Games," International Journal of Game Theory, Springer;Game Theory Society, vol. 24(1), pages 23-35.
    6. Rashid, Salim, 1983. "Equilibrium points of non-atomic games : Asymptotic results," Economics Letters, Elsevier, vol. 12(1), pages 7-10.
    7. Green, Edward J, 1984. "Continuum and Finite-Player Noncooperative Models of Competition," Econometrica, Econometric Society, vol. 52(4), pages 975-993, July.
    8. Grandmont, Jean-Michel, 1978. "Intermediate Preferences and the Majority Rule," Econometrica, Econometric Society, vol. 46(2), pages 317-330, March.
    9. Mari Rege, 2004. "Social Norms and Private Provision of Public Goods," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 6(1), pages 65-77, February.
    10. David Housman, 1988. "Infinite Player Noncooperative Games and the Continuity of the Nash Equilibrium Correspondence," Mathematics of Operations Research, INFORMS, vol. 13(3), pages 488-496, August.
    Full references (including those not matched with items on IDEAS)

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:unl:unlfep:wp523. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sean Story). General contact details of provider: http://edirc.repec.org/data/feunlpt.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.