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Research seminar by Shlomo Weber (Southern Methodist University): “Games of Social Interactions with Local and Global Externalities”

Shlomo WeberMonday, 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


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