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 the common action space. We show that this result applies to a broad class of monopolistic competition models. Copyright Springer-Verlag Berlin Heidelberg 2003

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Year of publication:	2003
Authors:	Rauh, Michael T.
Published in:	Economic Theory. - Springer. - Vol. 21.2003, 4, p. 901-906
Publisher:	Springer
Subject:	Large games \| Summary statistics \| Monopolistic competition

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Extent:	text/html
Type of publication:	Article
Classification:	C72 - Noncooperative Games ; D43 - Oligopoly and Other Forms of Market Imperfection
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005597817