Rights statement: 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
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Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Monotone comparative statics in games with non-monotonic best-replies
T2 - Contests and Cournot oligopoly
AU - Gama, Adriana
AU - Rietzke, David
N1 - 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
PY - 2019/9/1
Y1 - 2019/9/1
N2 - 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.
AB - 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.
KW - Contests
KW - Supermodularity
KW - Cournot Oligopoly
KW - Monotone Comparative Statics
U2 - 10.1016/j.jet.2019.08.004
DO - 10.1016/j.jet.2019.08.004
M3 - Journal article
VL - 183
SP - 823
EP - 841
JO - Journal of Economic Theory
JF - Journal of Economic Theory
SN - 0022-0531
ER -