ISSN:
1432-0479
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Summary We present a technique for locating both an upper and a lower bound on equilibrium points of supermodular games by looking only at the first derivatives of the payoff functions at points of disequilibrium. This technique is useful for characterizing equilibria of games when the closed form solution is difficult to calculate, for performing comparative statics analysis, and for determining the uniqueness of equilibria.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01213650