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On the existence of equilibrium points in a class of asymmetric market entry games

Gary-Bobo, Robert J. (1990), On the existence of equilibrium points in a class of asymmetric market entry games, Games and Economic Behavior, 2, 3, p. 239-246. http://dx.doi.org/10.1016/0899-8256(90)90020-U

Type
Article accepté pour publication ou publié
Date
1990
Journal name
Games and Economic Behavior
Volume
2
Number
3
Publisher
Elsevier
Pages
239-246
Publication identifier
Metadata
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Author(s)
Gary-Bobo, Robert J.
Abstract (EN)
Sufficient conditions for the existence of equilibria in pure strategies in Market Entry Games are provided. These conditions are (i) a form of payoff monotonicity and (ii) acyclicity of a particular “dominance” relation defined on the set of players; they do not exclude asymmetry of the players. The result is applicable to asymmetric oligopoly models with technological nonconvexities such as fixed costs.
Subjects / Keywords
asymmetric oligopoly models; equilibria; Market Entry Games