A New Approach to Solving Production-Appropriation Games with Many Heterogeneous Players
Roger Hartley and
ANU Working Papers in Economics and Econometrics from Australian National University, College of Business and Economics, School of Economics
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)
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Working Paper: A New Approach to Solving Production-Appropriation Games with Many Heterogeneous Players (2010)
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