Better-reply dynamics and global convergence to Nash equilibrium in aggregative games
M Dindoš, C Mezzetti - Games and Economic Behavior, 2006 - Elsevier
We consider n-person games with quasi-concave payoffs that depend on a player's own
action and the sum of all players' actions. We show that a discrete-time, stochastic process in
which players move towards better replies—the better-reply dynamics—converges globally
to a Nash equilibrium if actions are either strategic substitutes or strategic complements for
all players around each Nash equilibrium that is asymptotically stable under a deterministic,
adjusted best-reply dynamics. We present an example of a 2-person game with a unique …
action and the sum of all players' actions. We show that a discrete-time, stochastic process in
which players move towards better replies—the better-reply dynamics—converges globally
to a Nash equilibrium if actions are either strategic substitutes or strategic complements for
all players around each Nash equilibrium that is asymptotically stable under a deterministic,
adjusted best-reply dynamics. We present an example of a 2-person game with a unique …
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