Journal ArticleDOI
Strategic complements and substitutes, and potential games
TLDR
It is shown that games of strategic complements, or substitutes, with aggregation are “pseudo-potential” games that possess Nash equilibria in pure strategies (NE), even if the strategy sets are not convex; and that various dynamic processes converge to NE.About:
This article is published in Games and Economic Behavior.The article was published on 2006-01-01. It has received 214 citations till now. The article focuses on the topics: Strategic complements & Nash equilibrium.read more
Citations
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Journal ArticleDOI
Aggregative games and best-reply potentials
TL;DR: In this article, the authors introduce quasi-aggregative games and establish conditions under which such games admit a best-reply potential, which implies existence of a pure strategy Nash equilibrium without any convexity or quasi-concavity assumptions.
Journal ArticleDOI
Game Design and Analysis for Price-Based Demand Response: An Aggregate Game Approach
Maojiao Ye,Guoqiang Hu +1 more
TL;DR: An aggregate game is adopted for the modeling and analysis of energy consumption control in smart grid, and it is shown that the players’ actions converge to a neighborhood of the unique Nash equilibrium nonlocally.
Journal ArticleDOI
Distributed algorithms for aggregative games on graphs
TL;DR: Under standard conditions, this work establishes the almost-sure convergence of the obtained sequences to the equilibrium point and presents numerical results that demonstrate the performance of the proposed schemes.
Posted Content
Distributed Algorithms for Aggregative Games on Graphs
TL;DR: In this article, distributed synchronous and asynchronous algorithms for information exchange and equilibrium computation over a networked system were studied. And the almost-sure convergence of the obtained sequences to the equilibrium point was established.
References
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Book
The Theory of Industrial Organization
TL;DR: The Theory of Industrial Organization as discussed by the authors is the first primary text to treat the new industrial organization at the advanced-undergraduate and graduate level Rigorously analytical and filled with exercises coded to indicate level of difficulty, it provides a unified and modern treatment of the field with accessible models that are simplified to highlight robust economic ideas.
Journal ArticleDOI
Bank Runs, Deposit Insurance, and Liquidity
TL;DR: The authors showed that bank deposit contracts can provide allocations superior to those of exchange markets, offering an explanation of how banks subject to runs can attract deposits, and showed that there are circumstances when government provision of deposit insurance can produce superior contracts.
Journal ArticleDOI
Technology Adoption in the Presence of Network Externalities
Michael L. Katz,Carl Shapiro +1 more
TL;DR: In this article, the authors analyze the adoption pattern of technologies in industries where network externalities are significant and find that the pattern of adoption depends on whether technologies are sponsored by an entity that has property rights to the technology and is willing to make investments to promote it.
Journal ArticleDOI
Multimarket Oligopoly: Strategic Substitutes and Complements
TL;DR: A firm's actions in one market can change competitors' strategies in a second market by affecting its own marginal costs in that other market as mentioned in this paper, and whether the action provides costs or benefits in the second market depends on whether it increases or decreases marginal costs.
Related Papers (5)
Rationalizability, Learning, and Equilibrium in Games with Strategic Complementarities
Paul Milgrom,John Roberts +1 more