Cournot tatonnement and potentials
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The author considers the existence of Nash equilibrium points and the convergence of so-called Cournot tâtonnement (best response) processes for noncooperative games in metric spaces. The main assumption is the existence of a suitable potential, i.e. a transitive preference relation, which is concordant with the improvement path. The author shows the necessity of additional continuity-type properties for resolving the above questions. The results are illustrated by some special classes of games and several examples.
Recommendations
- Cournot tatonnement in aggregative games with monotone best responses
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Cites work
- A class of games possessing pure-strategy Nash equilibria
- Aggregative games and best-reply potentials
- Best response dynamics in finite games with additive aggregation
- Best response equivalence
- Best-response potential games
- Congestion games revisited
- Congestion games with player-specific payoff functions
- Decomposition algorithms for generalized potential games
- Dominance solvability and Cournot stability
- Equilibrium Points in Nonzero-Sum n-Person Submodular Games
- Evolution of equilibria in the long run: A general theory and applications
- Maximizing an interval order on compact subsets of its domain
- Monotone Comparative Statics
- Nash equilibrium in compact-continuous games with a potential
- Nash equilibrium with strategic complementarities
- On search directions for minimization algorithms
- On the Existence of Cournot Equilibrium
- Potential games
- Rationalizability, Learning, and Equilibrium in Games with Strategic Complementarities
- Rationalizable Strategic Behavior
- Strategic complements and substitutes, and potential games
- Weak and strong monotone comparative statics
Cited in
(8)- Potentials for binary relations and systems of monotone responses.
- Stability in games with continua of equilibria
- Universally converging adjustment processes -- a unifying approach.
- Adaptive learning in weighted network games
- Cournot tatonnement in aggregative games with monotone best responses
- scientific article; zbMATH DE number 1873040 (Why is no real title available?)
- Nash equilibrium in compact-continuous games with a potential
- Best-response dynamics in directed network games
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