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A qualitative theory of large games with strategic complementarities

journal contribution
posted on 2023-06-09, 15:00 authored by Lukaz Balbus, Pawel DziewulskiPawel Dziewulski, Kevin Reffett, Lukasz Wozny
We study the existence and computation of equilibrium in large games with strategic complementarities. Using monotone operators defined on the space of distributions partially ordered with respect to the first-order stochastic dominance, we prove existence of a greatest and least distributional Nash equilibrium. In particular, we obtain our results under a different set of conditions than those in the existing literature. Moreover, we provide computable monotone distributional equilibrium comparative statics with respect to the parameters of the game. Finally, we apply our results to models of social distance, large stopping games, keeping up with the Joneses, as well as a general class of linear non-atomic games.

History

Publication status

  • Published

File Version

  • Published version

Journal

Economic Theory

ISSN

0938-2259

Publisher

Springer

Issue

3

Volume

67

Page range

497-523

Department affiliated with

  • Economics Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2018-09-11

First Open Access (FOA) Date

2018-09-11

First Compliant Deposit (FCD) Date

2018-09-10

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