Dragone, Davide ; Lambertini, Luca ; Palestini, Arsen
(2008)
A Class of Best-Response Potential Games.
Bologna:
Dipartimento di Scienze economiche DSE,
p. 16.
DOI 10.6092/unibo/amsacta/4612.
In: Quaderni - Working Paper DSE
(635).
ISSN 2282-6483.
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Abstract
We identify a class of noncooperative games in continuous strategies which are best-response potential games. We identify the conditions for the existence of a best-response potential function and characterize its construction, describing then the key properties of the equilibrium. The theoretical analysis is accompanied by applications to oligopoly and monetary policy games.
Abstract