Aggregative games with discontinuous payoffs at the origin

Pierre von Mouche*, Ferenc Szidarovszky

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

Recently a framework was developed for aggregative variational inequalities by means of the Selten–Szidarovszky technique. By referring to this framework, a powerful Nash equilibrium uniqueness theorem for sum-aggregative games is derived. Payoff functions are strictly quasi-concave in own strategies but may be discontinuous at the origin. Its power is illustrated by reproducing and generalising in a few lines an equilibrium uniqueness result in Corchón and Torregrosa (2020) for Cournot oligopolies with the Bulow–Pfleiderer price function. Another illustration addresses an asymmetric contest with endogenous valuations in Hirai and Szidarovszky (2013).

Original languageEnglish
Pages (from-to)77-84
Number of pages8
JournalMathematical Social Sciences
Volume129
DOIs
Publication statusPublished - May 2024

Keywords

  • Aggregative game
  • Contest
  • Discontinuous payoff
  • Nash equilibrium uniqueness
  • Oligopoly
  • Selten–Szidarovszky technique

Fingerprint

Dive into the research topics of 'Aggregative games with discontinuous payoffs at the origin'. Together they form a unique fingerprint.

Cite this