Complementarities and Games: New Developments
系统介绍单调比较静态分析和超模博弈理论在互补性建模中的应用,并展示其在产业组织、金融和宏观经济学中的新成果,适合希望掌握前沿分析工具的研究者。
The theory of monotone comparative statics and supermodular games is presented as the appropriate tool to model complementarities. The approach, which has not yet been fully incorporated into the standard toolbox of researchers, makes the analysis intuitive and simple, helps in deriving new results and in casting new light on old ones. The paper takes stock of recent contributions and develops applications to industrial organization (oligopoly, R&D, and dynamics), finance (currency and banking crisis) and macroeconomics (adjustment and menu costs). Particular attention is devoted to Markov games and to games of incomplete information (including global games).