Abstract
Inspired by the model of Kalai and Satterthwaite (1994, in imperfections and Behavior in Economic Organisations (R. P. Gilles and P. H. M. Ruys, Eds.), Chap. 2, Amsterdam: Kluwer Academic), I define a class of abstract games, called maximum games, which are dominance-solvable. In the leading subclass of games of common interest, they are solvable on the unique Pareto-dominant outcome. Maximum games include, as economic applications, some types of Bertrand games and public good games. Journal of Economic Literature Classification Number: C72.(C) 2000 Academic Press.
Original language | English |
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Pages (from-to) | 97-105 |
Number of pages | 9 |
Journal | Games and Economic Behavior |
Volume | 31 |
Issue number | 1 |
Publication status | Published - Apr 2000 |