We exploit the properties of homogeneous functions to characterize the symmetric pure-strategy Nash equilibria of n-player symmetric games in which each player’s revenue function is not homogeneous but it can be decomposed into the sum of homogeneous functions with different degrees of homogeneity. Our results aim to provide a pathway for an easy computation of symmetric equilibria for this type of games. We discuss our results in a Cournot game, a contest game, and a public good game.

Ferrarese, W., Rubí-Barceló, A. (2024). Exploiting homogeneity in games with non-homogeneous revenue functions. THEORY AND DECISION, 96(2), 333-349 [10.1007/s11238-023-09952-w].

Exploiting homogeneity in games with non-homogeneous revenue functions

Ferrarese, Walter;
2024-01-01

Abstract

We exploit the properties of homogeneous functions to characterize the symmetric pure-strategy Nash equilibria of n-player symmetric games in which each player’s revenue function is not homogeneous but it can be decomposed into the sum of homogeneous functions with different degrees of homogeneity. Our results aim to provide a pathway for an easy computation of symmetric equilibria for this type of games. We discuss our results in a Cournot game, a contest game, and a public good game.
2024
Pubblicato
Rilevanza internazionale
Articolo
Esperti anonimi
Settore ECON-04/A - Economia applicata
English
Equilibrium characterization
Homogeneous functions’ properties
Non-homogeneous revenue function
Symmetric games
Ferrarese, W., Rubí-Barceló, A. (2024). Exploiting homogeneity in games with non-homogeneous revenue functions. THEORY AND DECISION, 96(2), 333-349 [10.1007/s11238-023-09952-w].
Ferrarese, W; Rubí-Barceló, A
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2108/410905
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