• DocumentCode
    2567484
  • Title

    Robust comparative statics in large static games

  • Author

    Acemoglu, Daron ; Jensen, Martin Kaae

  • Author_Institution
    Dept. of Econ., Massachusetts Inst. of Technol., Cambridge, MA, USA
  • fYear
    2010
  • fDate
    15-17 Dec. 2010
  • Firstpage
    3133
  • Lastpage
    3139
  • Abstract
    We provide general comparative static results for large finite and infinite-dimensional aggregative games. In aggregative games, each player´s payoff depends on her own actions and an aggregate of the actions of all the players (for example, the average of the actions among the players). In large games, players take these aggregates as given. We derive comparative static results for large aggregative games, showing both how equilibrium aggregates and the behavior of each player change in response to various different types of changes in parameters. Our results can also be interpreted as comparative statics of ∈-equilibria in games in which there is a large but finite number of players, who still take their impact on aggregates into account in choosing their strategies. We illustrate how these results can be applied easily using two examples: (1) large single or multi-dimensional contests; (2) large beauty contests where each player´s strategy is a probability distribution.
  • Keywords
    game theory; multidimensional systems; probability; infinite-dimensional aggregative games; large static games; probability distribution; robust comparative statics; Aggregates; Biological system modeling; Electric shock; Extraterrestrial measurements; Games; Lattices; Random variables;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Decision and Control (CDC), 2010 49th IEEE Conference on
  • Conference_Location
    Atlanta, GA
  • ISSN
    0743-1546
  • Print_ISBN
    978-1-4244-7745-6
  • Type

    conf

  • DOI
    10.1109/CDC.2010.5717147
  • Filename
    5717147