Correspondence principles for concave orthogonal games

Correspondence principles for concave orthogonal games

by Michael J. Stutzer

Book 90 of Federal Reserve Bank of Minneapolis, Research Department staff report --

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"Silberberg [6] and Pauwels [2] have produced and clarified seminal results in the comparative statics of single-agent classical optimization problems. This paper extends Pauwels' method to derive analogous results for stable Nath equilibria in a subclass of the widely used class of concave orthogonal games defined by Rosen [3]. Application of these results to cost curve shifts in the asymmetric Cournot oligopoly immediately uncovers apparently new comparative statics results"--Federal Reserve Bank of Minneapolis web site.

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