Correspondence principles for concave orthogonal games
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Correspondence principles for concave orthogonal games
Michael J. Stutzer1 editions
"Silberberg [6] and Pauwels [2] have produced and clarified seminal results in the comparative statics of single-agent classical optimization problems. This paper extends Pauwels' method to derive analogous results for stable Nath equilibria in a subclass of the widely used class of concave orthogonal games defined by Rosen [3]. Application of these results to cost curve shifts in the asymmetric Cournot oligopoly immediately uncovers apparently new comparative statics results"--Federal Reserve Bank of Minneapolis web site.
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Michael J. Stutzer
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