Abstract
A class of noncooperative games in which the players share a common set of strategies is described. The payoff a player receives for playing a particular strategy depends only on the total number of players playing the same strategy and decreases with that number in a manner which is specific to the particular player. It is shown that each game in this class possesses at least one Nash equilibrium in pure strategies. Best-reply paths in which players, one at a time, shift to best-reply strategies may be cyclic. But there is always at least one such path that connects an arbitrary initial point to an equilibrium. Journal of Economic Literature Classification Number: C72.
| Original language | English |
|---|---|
| Pages (from-to) | 111-124 |
| Number of pages | 14 |
| Journal | Games and Economic Behavior |
| Volume | 13 |
| Issue number | 1 |
| DOIs | |
| State | Published - Mar 1996 |
| Externally published | Yes |
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