Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7358964 | Journal of Economic Theory | 2018 | 33 Pages |
Abstract
We consider games with an endogenous sharing rule and provide conditions for the invariance of the equilibrium set, i.e., for the existence of a common equilibrium set for the games defined by each possible sharing rule. Applications of our results include Bertrand competition with convex costs, electoral competition, and contests.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Guilherme Carmona, Konrad Podczeck,