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Non-cooperative monopolistic games and monopolistic market games

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Abstract

A class of non-cooperative games is discussed in which one player (“the monopolist”) by choosing his strategy restricts the other players to subsets of their strategy sets. Examples of such games in various fields are given. In particular it is shown that some very important economic situations fall within this class of games. A solution concept is defined and sufficient conditions for its existence are derived.

The question of the advantages a player derives from being a monopolist is raised and conditions are derived for him to benefit from being a monopolist.

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References

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Authors and Affiliations

  1. Department of Economics, Virginia Polytechnic Institute and State University, 24061, Blacksburg, Virginia

    A. Kats

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  1. A. Kats
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This work was supported in part by a grant from the Ford Foundation to the Center for the Study of Public Choise at Virginia Polytechnic Institute and State University. This aid is gratefully acknowledged. I would also like to thankJacque Dreze, David-Schmeidler andDieter Sondermann for their most valuable comments.

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Kats, A. Non-cooperative monopolistic games and monopolistic market games. Int J Game Theory 3, 251–260 (1974). https://doi.org/10.1007/BF01766878

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  • DOI: https://doi.org/10.1007/BF01766878

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