Potentials in Social Environments

Thomas Demuynck, P.J.J. Herings, Christian Seel

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Abstract

We develop and extend notions of potentials for normal-form games (Monderer and Shapley, 1996) to present a unified approach for the general class of social environments. The different potentials and corresponding social environments can be ordered in terms of their permissiveness. We classify different methods to construct potentials and we characterize potentials for specific examples such as matching problems, vote trading, multilateral trade, TU games, and various pillage games.
Original languageEnglish
Place of PublicationTilburg
PublisherCentER, Center for Economic Research
Number of pages46
Volume2023-022
Publication statusPublished - 11 Sept 2023

Publication series

NameCentER Discussion Paper
Volume2023-022

Keywords

  • potential games
  • social environments

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