A New Approach to Solving Production-Appropriation Games with Many Heterogeneous Players

Richard Cornes, Roger Hartley

Research output: Working paper

Abstract

We set out a model of production and appropriation involving many players, who iffer 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.
Original languageEnglish
Place of PublicationCanberra, Australia
Number of pages25
Publication statusPublished - 1 May 2010

Publication series

NameANU College of Business and Economics Working Papers
PublisherAustralian National University
No.521

Keywords

  • Conflict
  • Noncooperative games
  • Aggregative games

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