Monotone comparative statics in games with non-monotonic best-replies: Contests and Cournot oligopoly

Adriana Gama and David Rietzke ()

Journal of Economic Theory, 2019, vol. 183, issue C, 823-841

Abstract: In this paper, we employ lattice-theoretic techniques to derive a number of comparative statics in a logit contest – a class of games for which best-replies are generically non-monotonic. Using the same approach, we obtain several comparative statics in a Cournot oligopoly model without imposing the usual assumptions that ensure the game is one of strategic substitutes. Our analysis illustrates how lattice-theoretic techniques can deliver powerful insights in games with non-monotonic best-replies.

Keywords: Contests; Supermodularity; Cournot oligopoly; Monotone comparative statics (search for similar items in EconPapers)
JEL-codes: C61 C72 D72 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0022053119300845
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:183:y:2019:i:c:p:823-841

DOI: 10.1016/j.jet.2019.08.004

Access Statistics for this article

Journal of Economic Theory is currently edited by A. Lizzeri and K. Shell

More articles in Journal of Economic Theory from Elsevier
Bibliographic data for series maintained by Catherine Liu ().