Academic Journal
tutes, Payoff
| العنوان: | tutes, Payoff |
|---|---|
| المؤلفون: | A Roy, Tarun Sabarwal, Sunanda Roy, Charles Moul, John Nachbar, Wilhelm Neuefeind, Anonymous Ref |
| المساهمون: | The Pennsylvania State University CiteSeerX Archives |
| المصدر: | http://mpra.ub.uni-muenchen.de/4709/1/MPRA_paper_4709.pdf. |
| سنة النشر: | 2005 |
| المجموعة: | CiteSeerX |
| مصطلحات موضوعية: | functions |
| الوصف: | Strategic Substitutes This paper studies comparative statics of equilibria in models where the optimal responses under consideration are (weakly) decreasing in endogenous variables, and (weakly) increasing in exogenous parameters. Such models include parameterized games of strategic substitutes. The analysis provides a sufficient condition for existence of increasing equilibria at a higher parameter value. This condition is presented first for best-response functions; it can be translated easily to payoff functions with one-dimensional individual strategy spaces, and it has a natural analogue to best-response correspondences. The condition is tight in the sense that with a weakenened condition, the same result may not obtain. The results here apply to asymmetric equilibria, and are applied to two classes of examples – Cournot duopoly and tournaments. Moreover, sufficient conditions are presented to exhibit strong comparative statics of equilibria (that is, every equilibrium at a higher parameter value is greater than a given equilibrium at a lower parameter value), and to show existence of increasing equilibrium selections. 1 |
| نوع الوثيقة: | text |
| وصف الملف: | application/pdf |
| اللغة: | English |
| Relation: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.516.8974; http://mpra.ub.uni-muenchen.de/4709/1/MPRA_paper_4709.pdf |
| الاتاحة: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.516.8974 http://mpra.ub.uni-muenchen.de/4709/1/MPRA_paper_4709.pdf |
| Rights: | Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| رقم الانضمام: | edsbas.15C34F95 |
| قاعدة البيانات: | BASE |
| الوصف غير متاح. |