Search for a unique Nash equilibrium in two public goods games: mixed integer programming technique

Kenichi Suzuki, Tatsuyoshi Miyakoshi, Jun-ichi Itaya () and Akitomo Yamanashi

Applied Economics Letters, 2023, vol. 30, issue 12, 1656-1660

Abstract: We provide the methods for searching for the unique Nash equilibrium using mixed integer programming techniques. We also simulate the model parameters using this technique and derive the numerical solution to show the characteristics of a key player providing both public goods as suggested by Bergstrom et al. (1986). We present two key results. First, when the number of players decreases, the appearance rate of the unique equilibrium accompanying a key player increases. Second, when the variance of the preference or price parameters decreases, the appearance rate of the unique equilibrium accompanying a key player increases.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13504851.2022.2075822 (text/html)
Access to full text is restricted to subscribers.

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:taf:apeclt:v:30:y:2023:i:12:p:1656-1660

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504851.2022.2075822

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().