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

Richard Cornes, Roger Hartley and Yuji Tamura

ANU Working Papers in Economics and Econometrics from Australian National University, College of Business and Economics, School of Economics

Abstract: We set out a model of production and appropriation involving many players, who differ 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.

JEL-codes: C72 D74 (search for similar items in EconPapers)
Pages: 25 Pages
Date: 2010-05
New Economics Papers: this item is included in nep-gth
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Citations: View citations in EconPapers (1)

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https://www.cbe.anu.edu.au/researchpapers/econ/wp521.pdf (application/pdf)

Related works:
Working Paper: Two-aggregate games: Demonstration using a production-appropriation model (2017)
Working Paper: A New Approach to Solving Production-Appropriation Games with Many Heterogeneous Players (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:acb:cbeeco:2010-521

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