The Strategic Advantage of Negatively Interdependent Preferences

Levent Kockesen, Efe Ok and Rajiv Sethi ()

Working Papers from C.V. Starr Center for Applied Economics, New York University

Abstract: We study certain classes of supermodular and submodular games which are symmetric with respect to material payoffs but in which not all players seek to maximize their material payoofs. Specially, a subset of players have negatively interdependent preferences and care not only about their own material payoffs but also about their payoffs relative to others. We identify sufficient conditions under which members of the latter group have a strategic advantage in the following sense: at all intragroup symmetric equilibria of the game, they earn strictly higher material payoffs than do players who seek to maximize their material payoffs.

Keywords: GAMES; PROFIT; OLIGOPOLIES (search for similar items in EconPapers)
JEL-codes: C72 D62 (search for similar items in EconPapers)
Pages: 34 pages
Date: 1997
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: The Strategic Advantage of Negatively Interdependent Preferences (2000)
Working Paper: On the Strategic Advantage of Negatively Interdependent Preferences (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:cvs:starer:97-34

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