Nash equilibrium existence and uniqueness in a club model

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• 作者：Clive D. Fraser
• 关键词：C7 ; D1 ; D5 ; H4
• 刊名：Economics Letters
• 出版年：2012
• 出版时间：November, 2012
• 年：2012
• 卷：117
• 期：2
• 页码：496-499
• 全文大小：202 K

文摘

We model a single-club-heterogeneous-consumer-exogeneous-income economy as an aggregative public good game. Under common assumptions, if club quality functions are homogeneous of positive degree in the club facility investment and use, an unique Nash equilibrium exists.