Monotone comparative statics in games with non-monotonic best-replies : Contests and Cournot oligopoly

Gama, Adriana and Rietzke, David (2019) Monotone comparative statics in games with non-monotonic best-replies : Contests and Cournot oligopoly. Journal of Economic Theory, 183. pp. 823-841. ISSN 0022-0531

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Abstract

In this paper, we employ lattice-theoretic techniques to derive a number of comparative statics in a logit contest – a class of games for which best-replies are generically non-monotonic. Using the same approach, we obtain several comparative statics in a Cournot oligopoly model without imposing the usual assumptions that ensure the game is one of strategic substitutes. Our analysis illustrates how lattice-theoretic techniques can deliver powerful insights in games with non-monotonic best-replies.

Item Type:

Journal Article

Journal or Publication Title:

Journal of Economic Theory

Additional Information:

This is the author’s version of a work that was acceptedfor publication in Journal of Economic Theory. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work 3since it was submitted for publication. A definitive version was subsequently published in Journal of Economic Theory, 183, 2019 DOI: 10.1016/j.jet.2019.08.004

Uncontrolled Keywords:

/dk/atira/pure/subjectarea/asjc/2000/2002

Subjects:

?? contestssupermodularitycournot oligopolymonotone comparative staticseconomics and econometricsc61c72d72 ??

Departments:

Lancaster University Management School > Economics

ID Code:

136185

Deposited By:

ep_importer_pure

Deposited On:

19 Aug 2019 10:30

Refereed?:

Yes

Published?:

Published

Last Modified:

04 Sep 2024 00:04

URI:

https://eprints.lancs.ac.uk/id/eprint/136185