Research seminar by Shlomo Weber (Southern Methodist University): “Games of Social Interactions with Local and Global Externalities”
Monday, February 1 at 4.30 pm International College of Economics and Finance held Research seminar.
Presenter: Shlomo Weber (Southern Methodist University)
Title: “Games of Social Interactions with Local and Global Externalities” (joint with Michel Le Breton)
Abstract: In this short paper we introduce a general class of games that allow for local (dyadic) and global types of social interactions. By constructing a “potential”, we show that every game in this class admits a Nash equilibrium in pure strategies. We illustrate the universality of the result through a large spectrum of applications in various disciplines.
Venue: Pokrovski Bulvar, 11, Room D-316