Abstract

In this paper we study the effects of a change in some exogenous variable (the number of players or a parameter in the payoff functions) on the strategies played and payoffs obtained in a Nash equilibrium in the framework of an Aggregative Game (a generalization of the Cournot model). We assume a strong concavity condition which implies that the best reply function of any player is decreasing in the sum of the strategies of the remaining players (i.e. strategic substitution). Our results generalize and unify those known in the Cournot model.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.