Non-Cooperative Games with a Continuum of Players Whose Payoffs Depend on Summary Statistics
We consider static non-cooperative games with a continuum of small players whose payoffs depend on their own actions and finitely many summary statistics of the aggregate strategy profile. We prove the existence of an equilibrium in pure strategies without any convexity restrictions on payoffs or th...
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Veröffentlicht in: | Economic theory 2003-06, Vol.21 (4), p.901-906 |
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Format: | Artikel |
Sprache: | eng |
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Online-Zugang: | Volltext |
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Zusammenfassung: | We consider static non-cooperative games with a continuum of small players whose payoffs depend on their own actions and finitely many summary statistics of the aggregate strategy profile. We prove the existence of an equilibrium in pure strategies without any convexity restrictions on payoffs or the common action space. We show that this result applies to a broad class of monopolistic competition models. |
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ISSN: | 0938-2259 1432-0479 |
DOI: | 10.1007/s00199-001-0252-9 |