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Potentials in Social Environments

Author

Listed:
  • Thomas Demuynck
  • Jean-Jacques Herings
  • Christian Seel

Abstract

We develop and extend notions of potentials for normal-form games (Monderercand Shapley, 1996) to present a uniffied approach for the general class of social environments. The different potentials and corresponding social environments can be ordered in terms of their permissiveness. We classify different methods to construct potentials and we characterize potentials for specific examples such as matching problems, vote trading, multilateral trade, TU games, and various pillage games.

Suggested Citation

  • Thomas Demuynck & Jean-Jacques Herings & Christian Seel, 2023. "Potentials in Social Environments," Working Papers ECARES 2023-13, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:eca:wpaper:2013/363128
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    References listed on IDEAS

    as
    1. Chien, Steve & Sinclair, Alistair, 2011. "Convergence to approximate Nash equilibria in congestion games," Games and Economic Behavior, Elsevier, vol. 71(2), pages 315-327, March.
    2. Dubey, Pradeep & Haimanko, Ori & Zapechelnyuk, Andriy, 2006. "Strategic complements and substitutes, and potential games," Games and Economic Behavior, Elsevier, vol. 54(1), pages 77-94, January.
    3. Hart, Sergiu & Mas-Colell, Andreu, 1989. "Potential, Value, and Consistency," Econometrica, Econometric Society, vol. 57(3), pages 589-614, May.
    4. Martin Jensen, 2010. "Aggregative games and best-reply potentials," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 43(1), pages 45-66, April.
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    More about this item

    Keywords

    Potential games; social environments.;

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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