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Heterogeneity in a Class of Two-Players Games

Author

Listed:
  • Figuieres, C.
  • Garderes, P.
  • Rychen, F.

Abstract

In economic two players games with negative (positive) spillovers it is well-known that symmetric agents both overact (underact) at the Nash Equilibria. We show that for heterogeneous agents this rule has to be amended if the game features strategic substituability.

Suggested Citation

  • Figuieres, C. & Garderes, P. & Rychen, F., 1998. "Heterogeneity in a Class of Two-Players Games," G.R.E.Q.A.M. 98a03, Universite Aix-Marseille III.
    • Handle: RePEc:fth:aixmeq:98a03
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    References listed on IDEAS

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    1. Wilson, John Douglas, 1991. "Tax competition with interregional differences in factor endowments," Regional Science and Urban Economics, Elsevier, vol. 21(3), pages 423-451, November.
    2. Nick Hanley & Henk Folmer (ed.), 1998. "Game Theory and the Environment," Books, Edward Elgar Publishing, number 1083.
    3. Bulow, Jeremy I & Geanakoplos, John D & Klemperer, Paul D, 1985. "Multimarket Oligopoly: Strategic Substitutes and Complements," Journal of Political Economy, University of Chicago Press, vol. 93(3), pages 488-511, June.
    4. Helm, Carsten, 2003. "International emissions trading with endogenous allowance choices," Journal of Public Economics, Elsevier, vol. 87(12), pages 2737-2747, December.
    5. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, April.
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    More about this item

    Keywords

    INVESTMENTS ; GAMES;

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D62 - Microeconomics - - Welfare Economics - - - Externalities

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