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Equilibrium uniqueness in aggregative games: very practical conditions

Authors :
Pierre von Mouche
Jun-ichi Itaya
Source :
Optimization Letters, 16(7), 2033-2058, Optimization Letters 16 (2022) 7
Publication Year :
2021
Publisher :
Springer Science and Business Media LLC, 2021.

Abstract

Various Nash equilibrium results for a broad class of aggregative games are presented. The main ones concern equilibrium uniqueness. The setting presupposes that each player has $$\mathbb {R}_+$$ R + as strategy set, makes smoothness assumptions but allows for a discontinuity of stand-alone payoff functions at 0; this possibility is especially important for various contest and oligopolistic games. Conditions are completely in terms of marginal reductions which may be considered as primitives of the game. For many games in the literature they can easily be checked. They automatically imply that conditional payoff functions are strictly quasi-concave. The results are proved by means of the Szidarovszky variant of the Selten–Szidarovszky technique. Their power is illustrated by reproducing quickly and improving upon various results for economic games.

Details

ISSN :
18624480 and 18624472
Volume :
16
Database :
OpenAIRE
Journal :
Optimization Letters
Accession number :
edsair.doi.dedup.....34df7b06ed7ccefcde05def86a7546ac