Arbeitspapier
Utilitarian Preferences and Potential Games
We study games with utilitarian preferences: the sum of individual utility functions is a generalized ordinal potential for the game. It turns out that generically, any finite game with a potential, ordinal potential, or generalized ordinal potential is better reply equivalent to a game with utilitarian preferences. It follows that generically, finite games with a generalized ordinal potential are better reply equivalent to potential games. For infinite games we show that a continuous game has a continuous ordinal potential, iff there is a better reply equivalent continuous game with utilitarian preferences. For such games we show that best reply improvement paths can be used to approximate equilibria arbitrarily closely.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion paper ; No. 85
- Klassifikation
-
Wirtschaft
Noncooperative Games
Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection
- Thema
-
potential games
best reply equivalence
utilitarian preferences
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Salonen, Hannu
- Ereignis
-
Veröffentlichung
- (wer)
-
Aboa Centre for Economics (ACE)
- (wo)
-
Turku
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Salonen, Hannu
- Aboa Centre for Economics (ACE)
Entstanden
- 2013
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