Nash equilibrium existence and uniqueness in a club model

We model a single-club-heterogeneous-consumer-exogeneous-income economy as an aggregative public good game. Under common assumptions, if club quality functions are homogeneous of positive degree in the club facility investment and use, an unique Nash equilibrium exists.

MoreLess

Year of publication:	2012
Authors:	Fraser, Clive D.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 117.2012, 2, p. 496-499
Publisher:	Elsevier
Subject:	Nash equilibrium \| Heterogeneous clubs \| Aggregative game \| Homogeneous functions \| Existence and uniqueness

More details

Type of publication:	Article
Classification:	C7 - Game Theory and Bargaining Theory ; D1 - Household Behavior and Family Economics ; D5 - General Equilibrium and Disequilibrium ; H4 - Publicly Provided Goods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010580536