A Class of Best-Response Potential Games

We identify a class of noncooperative games in continuous strategies which are best-response potential games. We identify the conditions for the existence of a best-response potential function and characterize its construction, describing then the key properties of the equilibrium. The theoretical analysis is accompanied by applications to oligopoly and monetary policy games.

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Year of publication:	2008
Authors:	Dragone, Davide ; Lambertini, Luca ; Palestini, Arsen
Publisher:	Bologna : Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)

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Series:	Quaderni - Working Paper DSE ; 635
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.6092/unibo/amsacta/4612 [DOI] 615469507 [GVK] hdl:10419/159476 [Handle] RePEc:bol:bodewp:635 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011651529