Download This PaperA Class of Best-Response Potential Games
Working Paper DSE 635, Department of Economics, University of Bologna
9 Pages Posted: 20 Jun 2008 Last revised: 24 Jun 2008
Date Written: June, 20 2008
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 characterise its construction, describing then the key properties of the equilibrium. The theoretical analysis is accompanied by applications to oligopoly and monetary policy games.
Keywords: best-response potential game, conservative vector field, fictitious profit function
JEL Classification: C72, F42, L13
Suggested Citation: Suggested Citation
Dragone, Davide and Lambertini, Luca and Palestini, Arsen, A Class of Best-Response Potential Games (June, 20 2008). Working Paper DSE 635, Department of Economics, University of Bologna, Available at SSRN: https://ssrn.com/abstract=1148690 or http://dx.doi.org/10.2139/ssrn.1148690
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