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Greediness and equilibrium in congestion games

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  • Kuniavsky, Sergey
  • Smorodinsky, Rann

Abstract

We study the class of congestion games for which the set of Nash equilibrium is equivalent to the set of strategy profiles played by greedy myopic players. We show these two coincide iff such games are played over extension-parallel graphs.

Suggested Citation

  • Kuniavsky, Sergey & Smorodinsky, Rann, 2013. "Greediness and equilibrium in congestion games," Economics Letters, Elsevier, vol. 121(3), pages 499-503.
    • Handle: RePEc:eee:ecolet:v:121:y:2013:i:3:p:499-503
    DOI: 10.1016/j.econlet.2013.10.005
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    References listed on IDEAS

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    1. Robert Aumann & Adam Brandenburger, 2014. "Epistemic Conditions for Nash Equilibrium," World Scientific Book Chapters, in: The Language of Game Theory Putting Epistemics into the Mathematics of Games, chapter 5, pages 113-136, World Scientific Publishing Co. Pte. Ltd..
    2. Holzman, Ron & Law-yone (Lev-tov), Nissan, 2003. "Network structure and strong equilibrium in route selection games," Mathematical Social Sciences, Elsevier, vol. 46(2), pages 193-205, October.
    3. Milchtaich, Igal, 2006. "Network topology and the efficiency of equilibrium," Games and Economic Behavior, Elsevier, vol. 57(2), pages 321-346, November.
    4. Monderer, Dov & Shapley, Lloyd S., 1996. "Potential Games," Games and Economic Behavior, Elsevier, vol. 14(1), pages 124-143, May.
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    Cited by:

    1. Igal Milchtaich, 2021. "Internalization of social cost in congestion games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(2), pages 717-760, March.

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    More about this item

    Keywords

    Congestion games; Equilibrium; Greediness;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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