This Palgrave Pivot examines monotone games and studies incentives and outcomes when there are multiple players, and how the decision of each player affects the well-being of others in particular ways. Games with strategic complements exhibit codirectional incentives, or incentives for each...

An abundant literature is concerned with the existence of equilibrium in incomplete markets where participation to financial markets is not restricted. To mention a few, Cass (1984), Werner (1985), Geanakoplos and Polemarchakis (1986), Duffie (1987), Duffie and Shafer (1985) and Magill and...