Generic Uniqueness of Equilibrium in Large Crowding Games
- 1 August 2000
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Mathematics of Operations Research
- Vol. 25 (3) , 349-364
- https://doi.org/10.1287/moor.25.3.349.12220
Abstract
A crowding game is a noncooperative game in which the payoff of each player depends only on the player's action and the size of the set of players choosing that particular action: The larger the set, the smaller the payoff. Finite,n-player crowding games often have multiple equilibria. However, a large crowding game generically has just one equilibrium, and the equilibrium payoffs in such a game are always unique. Moreover, the sets of equilibria of them-replicas of a finite crowding game generically converge to a singleton asm tends to infinity. This singleton consists of the unique equilibrium of the "limit" large crowding game. This equilibrium generically has the following graph-theoretic property: The bipartite graph, in which each player in the original, finite crowding game is joined with all best-response actions for (copies of ) that player, does not contain cycles.Keywords
This publication has 15 references indexed in Scilit:
- Equilibria in a Model with Partial RivalryJournal of Economic Theory, 1997
- Congestion Models of CompetitionThe American Naturalist, 1996
- Congestion Games with Player-Specific Payoff FunctionsGames and Economic Behavior, 1996
- Representation of finite action large gamesInternational Journal of Game Theory, 1995
- A direct proof of the existence of pure strategy equilibria in games with a continuum of playersEconomic Theory, 1992
- On a theorem of SchmeidlerJournal of Mathematical Economics, 1984
- Continuum and Finite-Player Noncooperative Models of CompetitionEconometrica, 1984
- On equilibrium allocations as distributions on the commodity spaceJournal of Mathematical Economics, 1974
- A class of games possessing pure-strategy Nash equilibriaInternational Journal of Game Theory, 1973
- Games with randomly disturbed payoffs: A new rationale for mixed-strategy equilibrium pointsInternational Journal of Game Theory, 1973