Article ID Journal Published Year Pages File Type
973310 Mathematical Social Sciences 2009 10 Pages PDF
Abstract
Many economic environments involve interaction between small numbers of large players as well as large numbers of small players whose individual actions are macroscopically negligible even while summary behavior within various demographic groups may impact the entire economy. We examine Nash equilibria of such mixed size, multi-demographic summary games. In particular, we establish existence theorems for equilibria in which small players universally pursue pure strategies, even when large player behavior must be simultaneously considered.
Related Topics
Physical Sciences and Engineering Mathematics Applied Mathematics
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