Publication: Comparative Statics for Market Games: The Strong Concavity Case
Loading...
Identifiers
Publication date
1993
Defense date
Authors
Advisors
Tutors
Journal Title
Journal ISSN
Volume Title
Publisher
IVIE
Abstract
In this paper we study the effects of a change in sorne exogenous variable
(the number of players or a parameter in the payoff functions) on the strategies played and payoffs obtained in a Nash Equilibrium in the framework of a Market Game (a generalization of the Cournot model)o We assume a strong concavity condition which implies that the best reply function of any player is decreasing on sum of the strategies of the remaining players (Le. strategic substitution). Our results generalize and unify those known in the
Cournot model.