Artikel
Equilibria in symmetric games: Theory and applications
This article presents a new approach to analyze the equilibrium set of symmetric, differentiable games by separating multiple symmetric equilibria and asymmetric equilibria. This separation allows the investigation of, for example, how various parameter constellations affect the scope for multiple symmetric or asymmetric equilibria, or how the equilibrium set depends on the nature of the strategies. The approach is particularly helpful in applications because (i) it allows the complexity of the uniqueness problem to be reduced to a two-player game, (ii) boundary conditions are less critical compared to standard procedures, and (iii) best replies need not be everywhere differentiable. The usefulness of the separation approach is illustrated with several examples, including an application to asymmetric games and to a two-dimensional price-information game.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 12 ; Year: 2017 ; Issue: 3 ; Pages: 979-1002 ; New Haven, CT: The Econometric Society
- Classification
-
Wirtschaft
Existence and Stability Conditions of Equilibrium
Miscellaneous Mathematical Tools
Noncooperative Games
Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection
Oligopoly and Other Imperfect Markets
- Subject
-
Symmetric games
uniqueness
symmetric equilibrium
oligopoly
- Event
-
Geistige Schöpfung
- (who)
-
Hefti, Andreas
- Event
-
Veröffentlichung
- (who)
-
The Econometric Society
- (where)
-
New Haven, CT
- (when)
-
2017
- DOI
-
doi:10.3982/TE2151
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Hefti, Andreas
- The Econometric Society
Time of origin
- 2017
Other Objects (12)
Strongly Symmetric Equilibria in Bandit Games
Symmetric equilibria in stochastic timing games
Symmetric equilibria in stochastic timing games
The symmetric equilibria of symmetric voter participation games with complete information
The symmetric equilibria of symmetric voter participation games with complete information
On uniqueness and stability of symmetric equilibria in differentiable symmetric games
All symmetric equilibria in differential games with public goods
All Symmetric Equilibria in Differential Games with Public Goods
Pareto optimality, game theory and equilibria
Pure strategy equilibria in symmetric two-player zero-sum games
Non-symmetric Riccati theory and noncooperative games
Equilibria in bottleneck games
Strongly Symmetric Equilibria in Bandit Games
Symmetric equilibria in stochastic timing games
Symmetric equilibria in stochastic timing games
The symmetric equilibria of symmetric voter participation games with complete information
The symmetric equilibria of symmetric voter participation games with complete information
On uniqueness and stability of symmetric equilibria in differentiable symmetric games
All symmetric equilibria in differential games with public goods
All Symmetric Equilibria in Differential Games with Public Goods
Pareto optimality, game theory and equilibria
Pure strategy equilibria in symmetric two-player zero-sum games
Non-symmetric Riccati theory and noncooperative games
Equilibria in bottleneck games
Strongly Symmetric Equilibria in Bandit Games
Symmetric equilibria in stochastic timing games
Symmetric equilibria in stochastic timing games
The symmetric equilibria of symmetric voter participation games with complete information
The symmetric equilibria of symmetric voter participation games with complete information
On uniqueness and stability of symmetric equilibria in differentiable symmetric games
All symmetric equilibria in differential games with public goods
All Symmetric Equilibria in Differential Games with Public Goods
Pareto optimality, game theory and equilibria
Pure strategy equilibria in symmetric two-player zero-sum games
Non-symmetric Riccati theory and noncooperative games