A qualitative theory of large games with strategic complementarities

B-Tier
Journal: Economic Theory
Year: 2019
Volume: 67
Issue: 3
Pages: 497-523

Authors (4)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abstract We study the existence and computation of equilibrium in large games with strategic complementarities. Using monotone operators defined on the space of distributions partially ordered with respect to the first-order stochastic dominance, we prove existence of a greatest and least distributional Nash equilibrium. In particular, we obtain our results under a different set of conditions than those in the existing literature. Moreover, we provide computable monotone distributional equilibrium comparative statics with respect to the parameters of the game. Finally, we apply our results to models of social distance, large stopping games, keeping up with the Joneses, as well as a general class of linear non-atomic games.

Technical Details

RePEc Handle
repec:spr:joecth:v:67:y:2019:i:3:d:10.1007_s00199-017-1075-7
Journal Field
Theory
Author Count
4
Added to Database
2026-01-24